Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
Hang Seng Index down trend has accelerated the past week pushing the Index to the 1.382 projection of the 2020-2021 Bull market and a few points above 17K . If Hang Seng closes below 17.000, which is quite likely, there is no support before around 2011 lows at around 16,170
To reverse this continued bearish outlook a close above 22,450 is needed