Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the market rebound yesterday, though still one with a number of divergences we have recently noted. Tesla had a banner day and was administered a dose of rocket fuel after the close on GM announcing that it would join Tesla's EV super-charging network. Given that today is Friday, this could well drive a bonanza of volatility and heavy trading in Tesla shares on the impact of the weekly options going 0DTE (zero-days-to-expiry) today. In fixed income, we focus on upcoming US treasury issuance and the pricing at the front-end of the European yield curve. FX moves, an emphasis on the heavy calendar of event risks next week (US CPI, Fed, ECB, BoJ & more) and much more on today's pod, which features Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
Follow Saxo Market Call on your favorite podcast app: