Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we compare and contrast the 1994 rate hike cycle under Chair Greenspan, a highly pre-emptive cycle that managed a a soft landing, with the 2022 Fed cycle, which sees the Fed badly behind and needing to chase to catch up with the curve. We also look at next key levels for US treasury yields, noting a very strong 20-year treasury auction yesterday, look at select hydrogen names, NIO, a busy macro calendar today and more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income 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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