Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: In today's podcast we follow up on Friday's big event with SVB Financial failing as a financial institution which set in motion a US government backstop of uninsured deposits over the weekend which extended to Signature Bank which was also taken over by the US government yesterday. We focus on the market reaction across equities, US bonds, interbank spreads, and gold with our main message being that nobody knows what will happen next. It is all one big guessing game this week on fallout from the failure of SVB Financial. Today's pod features Peter Garnry and Ole S. Hansen.
Listen to today’s podcast - slides are available via the link.
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