Hades Weekly Market & Macro Strategy 20 08 12
Our weekly publication insight into which data and events has the potential to move markets in the week ahead, an update on the more interesting chart developments and concludes with a summary of our core strategy views.
- ECB’s conditionality lets it off the hook, fundamental slowmo car crash continues
- EZ equities bounce should be seen as corrective, m/t EUR trend remains weaker
- A soft UK is a trend, waiting for 30yr Gilts to retrace to buy levels towards 3.20%
- Pound looks overstretched, express via short GBP/USD @ 1.5700+
- QE3 reflation trade still has legs, watch 200-DMA in 10yr UST
- S&P500 still our preferred market although recent gains look vulnerable
This note covers US, UK and European markets for the week commencing August 20th.
Full report below…
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