Semiconductor momentum getting bubbly. Meanwhile, Hormuz Strait - what's that?

Today, a look at the continued incredible ramp in semiconductor names and whether we are inflating an incipient bubble, even if forward valuations in many case look quite reasonable. Elsewhere, we note the lack of progress in opening the Hormuz Strait and the implications that continue to multiply with every day and week that crude oil and refined products aren't reaching the global market. Meanwhile, we have peak earnings season and five central banks meeting this week. This and more on today's pod, which features Saxo Head of Commodity Strategy Ole Hansen and is hosted by Saxo Global Head of Macro Strategy John J. Hardy. 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 . Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here . Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo . Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

You can listen to Semiconductor momentum getting bubbly. Meanwhile, Hormuz Strait - what's that? online on Radio and Podcast. Open the player on this page to stream the available audio.

Semiconductor momentum getting bubbly. Meanwhile, Hormuz Strait - what's that? is an episode from Saxo Market Call by SaxoStrats.

This episode is 23:33 long.

This episode was published on Apr 27, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Saxo Market Call when more episodes are available from the podcast feed.