Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Summary: The AI rally with Nvidia at its center is showing cracks with our bubble stocks basket down 13% this month and Nvidia shares breaking down technically yesterday. In today's episode our Chief Investment Officer Steen Jakobsen talk in more details about his big call that the economy will enter a stagflation light environment. We also touch on today's US July CPI report and what it means for bonds, the big move yesterday in EU natural gas and finally we talk earnings from Novo Nordisk, Siemens, and Disney. On today's podcast are Peter Garnry on equities, Steen Jakobsen on macro, and Althea Spinozzi on fixed-income.
Listen to today’s podcast - slides are available via the link.
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Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity