Saxo Market Call

S&P 500 hitting all-time high, rate cuts, weak macro


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Latest slide deck here: bit.ly/2ovWVhCIn today's Market Call we discuss S&P 500 hitting an all-time high despite weak macro and declining earnings growth as the market is fueled by TINA ('there is no alternative'). We also take a look at tomorrow's FOMC rate decision and the market's expectations for further rate cuts. On commodities our focus is on palladium and coffee with the former also hitting an all-time high. Finally, we talk about earnings and last night's earnings miss from Alphabet (Google's parent company). Today with Ole Hansen on commodities and hosting, Peter Garnry on equities.
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Saxo Market CallBy SaxoStrats

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