Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
You can access all of our platforms from a single Saxo account.
Chart of the Week: Challenger Job Cut Report
Christopher Dembik
Head of Macroeconomic Research
Summary: In the short term, trade war has a more limited impact than most expected, but the US economy is not immune to current headwinds. The monthly job cut report published by Challenger, Gray and Christmas provides an interesting insight regarding the effect of tariffs on the US labor market.
In the short term, trade war has a more limited impact than most expected, but the US economy is not immune to current headwinds. The monthly job cut report published by Challenger, Gray and Christmas provides an interesting insight regarding the effect of tariffs on the US labor market.
This report is published every month and provides information on the number of announced corporate layoffs by industry and region based on data provided by state labor departments.
What is interesting us today is related to the reasons given by employers to justify job cuts. In the latest report from July, tariffs were one of the top reasons. In fact, 1,053 cuts were announced in one month due to tariffs, for a total of 1,430 this year versus 798 in 2018. Without much surprise, manufacturers are being hit the most and this negative trend is likely to continue as new potential tariffs against China are looming.
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...