Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today features Saxo CIO Steen Jakobsen, who takes a look at the implications of the internals in yesterday's US Q2 GDP estimate miss, which the US market seemed oddly to celebrate before dumping after the market close on very weak guidance from Amazon in its earnings call. We also look at factors that will continue to drive inflation, the bearish equity market technical case that is still in effect after yesterday's action and in particular, the strong sense of foreboding Steen feels as he looks at the market backdrop here. A preview of the busy economic calendar for the week ahead and more on the call.
Listen to today’s podcast and have a look at today’s slide deck.
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