Global bond yields are the captain now.

Today, a look at global bond yields setting the agenda across markets, the "nothingburger" Xi-Trump summit failing to make waves, the king of earnings reports coming in this week in the form of Nvidia's call after the close on Wednesday, a look at key macro and FX developments and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy

Links

• Bloomberg article says power prices are spiraling higher in the US' largest electric grid due to data center demand (bloomberg.com/news/articles/2026-05-14/data-ce…)

• FTAlphaville says that China is not Japan, but "its real estate market has been doing a darn good impression. (ft.com/content/381fa2a2-cb54-4d2d-bcf0-c05dd49…)"

• Mike Green was on Macrovoices, talking passive investing, lack of inflation risks and potential for Fed cuts (macrovoices.com/1524-macrovoices-532-mike-gree…) surprisingly soon.

About twice per week, you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack (johnjhardy.substack.com).

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Intro music by AShamaluevMusic (soundcloud.com/ashamaluevmusic)

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