Summary: Yesterday's US July CPI report was a non-event for the market. We discuss how the more stickier part of the inflation basket remains elevated and well above the Fed's inflation target of 2%. We also discuss equity returns during stagflation, which is our new big macro call, and what it means for equity sector returns. High funding costs continue to act as headwinds for gold while the grain market looks to a US government report for direction. Finally, we talk about a major acquisition in the US luxury industry, Alibaba's strong Q2 results, and ending on talking about next week's earnings releases. 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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Chief Investment Strategist
Quarterly Outlook
Head of Fixed Income Strategy
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Chief Investment Strategist
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Chief Investment Strategist
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Head of Commodity Strategy
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Chief Investment Strategist
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Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Fixed Income Strategy
Quarterly Outlook
Head of Commodity Strategy
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