Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Chief Investment Strategist
Summary: The Fed’s rate cut pricing is being re-assessed and market remains sensitive to hawkish data surprises. This could open the doors for a tactical USD recovery this week although a structural downtrend persists with March rate cut still remaining a high probability. Yen bears may return as well as BOJ pivot bets get pared, while EUR outlook turns further bearish on growth concerns emanating from a widening Middle East conflict.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity