Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the bounce in the US market on Friday from a key technical level near 3,800 in the S&P 500, just after the market had taken out recent cycle support levels. Meanwhile, lower US treasury yields and a squeeze on USD longs have helped drive a modest bounce in sentiment, though we remain very cautious. Also today: AI pipedreams, the latest on global food concerns, natural gas, FX, gold, earnings ahead this week, how to understand equity valuations, using Zoom Video Communications as an example and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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