Hades Weekly Macro & Market Strategy 27 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 intervention plan looks incomplete, market expectations probably too optimistic
- EZ equities bounce remains corrective, m/t EUR trend weaker
- UK data still dominates by risks rather than hopes, we like the long-end of the curve
- Pound overstretched, external forces should create opportunities for bear bets
- QE3 reflation trade still has legs, DXY should take the pain s/t, Gold break bullish
- S&P500 has room to test new highs before eventual reversal
This note covers US, UK and European markets for the week commencing August 20th.
Full report below…
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