Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: US equities tested new highs yesterday but closed mixed, with Tesla and especially Netflix earnings after the close chilling risk sentiment, with focus on Netflix's weak guidance and concerns for Tesla centered on the margin story as Musk forecast further price cuts on Tesla's cars, with fewer details than hoped on the Cybertruck. Elsewhere, we have a look at the strong euro versus weak JPY and CNH and wonder whether the ECB's recent dovish turn is prompted from the currency angle. This and more on today's pod, which is hosted by John J. Hardy.
Listen to today’s podcast - slides are available via the link.
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