Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we look at the case of whiplash administered to the US equity market yesterday after a positive session in the US was spoiled after hours by a weak forecast from social media company SNAP, which has contributed to a general mark-down of US futures into the European trading session today. Elsewhere, we look at whether recession risks are over-estimated for the near term as PMI's suggest economic activity remains in expansion even as confidence has cratered. A breakdown of grains, crude oil and natural gas, earnings stories ahead and more also on today's pod, which features 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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