Today, a look at quantum computing stocks getting a big bump on public investments in the space in the US. Elsewhere, it remains all about AI stocks pumping higher, while one notable software-as-a-service (Saas) name was the S&P 500 index's worst performer yesterday. Interesting earnings reports are up next week on both the chip and the SaaS front. Also, some more macro and FX observations and concerns that we are none the wiser on the Iran War ahead of a long weekend for US markets. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Links

Blonde Money is worth a follow, particularly recently on the UK political situation.
Passive investing might blow up the stock market once it has become too dominant, at least according to models. The discussion is rambling, but some great nuggets in there.
The valuation maestro Aswath Damodaran puts together the case for a SpaceX valuation of USD 1.2 trillion.
Nasdaq bending over backwards to secure the SpaceX listing will guarantee enormous passive allocations to the company very early on, whatever its general level of financial success.
Peter Garnry of Gesda Capital has his own assessment of SpaceX after the drop of its pre-IPO S-1 filings. Worth a read.
And the public domain shy Albert Edwards made an appearance on the Odd Lots podcast, talking the risk of double-digit inflation and the general mayhem that he often sees right around the corner. Always worth listening to, if not for any well-timed market call.

About twice per week (in normal times, hopefully soon to resume), you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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