Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today the team dives into the still pronounced divergences in equity markets as the big speculative names gapped higher yesterday before fizzling badly in the cash session, only to rise again in overnight trading, while value stocks globally continue their rise. We also look through the US 10-year treasury auction, noting it was weaker than first impressions might suggest. A run through FX, ECB preview, oil and gold and more on the call. Today's call was with Althea Spinozzi on fixed income, Peter Garnry on equities, 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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