Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Market Strategist
Summary: India reopens, Malaysia is next, while oil prices retreat to $109.94, with these factors supporting global travel, tourism stocks and casinos stocks rallying. Meanwhile money chases uranium stocks as Biden considers sanctioning a major Russian Uranium supplier. Plus savvy traders note US oil reserves are falling, OPEC+ nations can’t meet oil production targets so investors continue to buy US oil companies, like OXY that makes 88% of its revenue from the US, seeing it hold its best performing post in the S&P500 this year. Meanwhile Amazon races to be included in the Dow Jones 30, Biden drops barriers for crypto adoption, the US House passes $1.5 trillion of spending, and Rio Tinto ends all commercial relationships with Russia.
What’s happening in equites markets?
What to consider now?
Upcoming company calendar
In Australia?
In Hong Kong & mainland China, company earnings to watch
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