Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at a fresh record for US megacaps as the Nasdaq zoomed higher to a new record close even before virus lockdown poster child Zoom Video Communications reported a blowout quarter after the close. Elsewhere, equity action was merely tepid to downright downbeat Down Under. The USD weakened to new lows, helping power precious and industrial metals higher.
Listen to today’s podcast and have a look at today’s slide deck.
Follow Saxo Market Call on your favorite podcast app: