Today, we note that the bearish line continues to hold in US equities, as the Nasdaq 100 index can't seem to break through the local resistance and the S&P 500 index has shied away from the 7,000 level. We also run through this week's earnings for takeaways, preview Netflix earnings for next Tuesday as well as other key tech names reporting next week. In geopolitics, we continue to assess the true nature of the Donroe Doctrine and Trump's ambitions for Greenland, as well as shielding our eyes for what awaits Carney on his return from China. Today's pod features Saxo equity strategist Ruben Dalfovo and is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Two links for today: one a podcast discussing US military deterrents to China's invasion of Taiwan, among other US defense topics, and two, a profile of the remarkable entrepreneur Palmer Luckey, billionaire and founder of military technology company Anduril, which he started at the age of 25.

For our longer form podcasts, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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Can the bears continue to hold the line? Trump set to hammer Canada?