Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
You can access both of our platforms from a single Saxo account.
Morning Brew November 6 2024
Erik Schafhauser
Senior Relationship Manager
Summary: Trump 2.0 is here
Good morning,
All eyes are on the US election where a Trump victory is getting more likely – markets are reacting accordingly. After he won Georgia and North Carolina, the chances of for Harris seem slim, the Republicans won the US senate already so there is no chance of a democtratic sweep from here.
Crypto is soaring with Bitcoin up 8% and Ethereum up 7.7, European Indexes are lower for fear of trade barriers, US Indexes and the Nikkei are higher and the USD gains against most currencies, the USD Index is testing 105 up 1.5%, EURUSD us 1.0750, USDCHF is 0.8720, Gold and Silver are losing ground at -1% and -3%. US 10 Year Yields rise to 4.42 as the fed`s path becomes less clear.
Traders are betting ready for an America first policy with tariffs on imports.
Here Is our initial comment:
Tomorrow we are hosting a webinar with Blu Putnam:
The post-election market outlook
Global markets will be shaped by the trajectory of the US economy and fiscal and monetary policy in 2025. Is your portfolio ready for the new US president set to take office in January? This webinar features special guest Blu Putnam, former chief economist with CME Group.
In other news, Novo Nordisk reported earnings this morning and could report profit in line with expectations and lowered its full-year sales and profit guidance.
Continue to expect sharp moves through the days on any changes to sentiment and commentary either way and keep your risk under control.
Wednesday
- Data US Election Result
- Earnings: Novo Nordisk, Teva, Toyota, ARM, AMC, Qualcom,
Thursday
- Data DE Industrial Production, Sweden, Norway, UK and US Rate Decisions
- Earnings: Moderna, Barrick Gold, Halliburton, Rivian, thetradedesk, Pinterest, Airbnb
Friday
- Data Canada Labor Data
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...