📝Mikael Sarwe, Head of Nordea Market Strategy, shared via Twitter his views, “In the previous 5 Fed cut cycles, 2 of them led to bull markets (1995 & 1998) and 3 to bear markets (1989, 2001 & 2007). In my mind, the difference is if there was an earnings recession or not. Currently, my leading EPS indicator clearly signals the earnings recession.”
📝Also, Andreas Steno Larsen, Global FX/FI Strategist at Nordea Markets, tweeted about the current US Dollar positioning, “I am not saying that this chart is going to deliver, but it seems like the USD is struggling a little due to lower USD rates currently.”