Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: In today's podcast, the last regular before yearend, we focus on the continued stock market surge while also highlighting the most aggressive margin debt ramp up in 13 years. Some divergence seen with a much followed "disruptive innovation" ETF trading down on the day. Also the underwhelming Brexit reaction raising worries about Sterling and hedge funds positioning themselves for further commodity upside in 2021. Today's call with 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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