Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the impact of a further spike in energy prices as European natural gas trades at impossible levels and global crude oil prices jump on talks of a ban of Russian crude oil imports. In particular, we flag the risk of not only a real growth recession if energy prices stay here or head higher, but also a financial crisis. Food price rises are even more alarming on humanitarian concerns. How the situation is filtering into FX markets and the particularly slow-to-react US equity market also in focus. 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 and have a look at today’s slide deck.
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