Next 24 hours are about seven central banks and memory lane, or at least Micron lane.
whatshot 24 snips
Mar 18, 2026
Markets shrug off geopolitical uncertainty while memory chips and AI-related tech stay hot. Micron's after-hours report looms large. Seven central banks take center stage with BoJ and ECB guidance under close watch. Oil, fuel spreads and pipeline news add energy-market tension.
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Swarmer IPO Surges 520 Percent On Debut
John Hardy flagged the surprise IPO of drone firm Swarmer which surged 520% on debut despite unclear product revenue.
He notes its market cap was about $380m and he plans to read more and share Charu Chinana's coverage.
insights INSIGHT
Micron Earnings Will Test Memory Hype
Micron is a focal earnings event given heated memory sector enthusiasm, with results due after the US close.
Hardy expects follow-up commentary on whether the market is correctly pricing demand in Micron's report.
insights INSIGHT
Lower Yields And Softer Oil Help The Yen
Global bonds eased and yields fell, helping the yen and risk sentiment as crude softened.
Hardy links lower yields in Japan and oil movement to dollar-yen edging toward a five-day low.
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Today, a look at the market continuing to radiate confidence that things will turn out well despite the lack of real progress or any new clarity emerging from the war in Iran or Hormuz Strait. The market enthusiasm for memory makers remains hot and key player in that space Micron is reporting after the US close today. We also look at the seven of the G10 central banks up today and tomorrow, with BoJ and ECB particularly in focus for their guidance tomorrow, but with the FOMC up later today. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.
Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release).
Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here.
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