Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we struggle a bit with the market backdrop, as equities pulled back higher to post new local highs in places despite the huge surge in crude oil prices after the weekend OPEC cut announcement, perhaps as treasury yields wilted on the back of a weak ISM Manufacturing survey out of the US. More important incoming data lies ahead. We check in on FX after the RBA hold on further tightening overnight, discuss the crude oil market after the huge weekend gap, talk gold and wheat, and look at stocks to watch, including miner Teck Resources and biotech name Illumina. 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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