Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Summary: Significant risk-off session yesterday with S&P 500 futures taking out the trading ranges of the prior two trading sessions as Fitch warned of US banking downgrade including JPMorgan Chase and strong US retail sales lifted bets for one more US rate hike. But outside US equity markets focus is increasingly on China with another company missing payments and worries over the shadow banking system in China. In commodities we talk about weak crude oil causing energy stocks to be the worst performers yesterday and gold that did not like the US retail sales report. On today's podcast are Peter Garnry on equities and Ole S. Hansen on commodities.
Listen to today’s podcast - slides are available via the link.
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