Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
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Highlights from the past week
Saxo
Last week the US ‘Mega Caps’ got back on the front foot which helped send the S&P500 and Nasdaq 100 to new all-time highs. Bucking the trend was Tesla which has sold off roughly 20% in recent weeks after losing the position as global EV market leader in terms of unit-sales to BYD. There was further optimism about the semiconductor and AI space after Taiwan’s TSMC, the main supplier of chips to Apple and Nvidia reporting better Q4 profits than expected indicating a positive trend for global chip demand.
Must reads…
The week ahead…
Focus this week on central bank meetings in Japan, Europe and Canada, EU PMI’s as well as US earnings and Friday’s PCE inflation, the Fed’s favoured inflation indicator. It’s a busy week ahead for company earnings with highlights including: Netflix on Tuesday, SAP, ASML and Tesla all on Wednesday. LVMH, Intel, Visa due Thursday. Volvo and Christian Dior on Friday.
Latest Market Insights
Quarterly Outlook
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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
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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...
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