Bond markets rallied as signs of US disinflation reinforced bets the Fed will cut rates in September. This led to heavy profit-taking in the big tech space and a strong rotation into previously unloved stocks, which pulled the S&P 500 lower, while small caps jumped higher. And Tim Gagie, Head of FX & PM Solutions Geneva, also joins the show. He talks about the strength in gold, the weak US dollar and what’s behind the recent rise of the yen.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Jan Bopp (Investment Writing)

05:38 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva

10:29 Closing remarks by Helen Freer (Investment Writing)

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