Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Equities celebrated the anticipation of more incoming stimulus in a big way, particularly in the US, with the major indices there posting their largest advance in weeks. US President Donald Trump has acknowledged the transition of power to the new Biden administration. Up today, we the latest US jobs data and influential Fed speaker Richard Clarida is out speaking after US long yields broke significantly higher earlier this week.
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