Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the weekend's shotgun wedding arranged by the SNB that sees UBS taking over Credit Suisse with a number of liquidity guarantees and a massive eyebrow-raising wipeout of Credit Suisse's Tier1 debt. That last move has markets unsettled on the implications as it breaks the assumed rules of engagement for bankruptcies, putting bank debt and bank shares under heavy pressure this morning. We also look at what the Fed may do on Wednesday after the crazy repricing of the yield curve, the week ahead for equity earnings and macro event risks and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
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