Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
0715-0800 Eurozone Final May Manufacturing PMI
1400 – US May ISM Manufacturing
1700 – US Fed Chair Powell to speak
For all macro, earnings, and dividend events check Saxo’s calendar.
Market volatility calmed down as June began. The VIX, which measures expected market swings, dipped to 18.6 and has been holding steady in a narrow range. Investors seem less worried about sudden shocks, with fewer people rushing to buy protection in the options market. However, some caution remains ahead of this week’s big events, like US inflation data, jobs numbers, and the European Central Bank’s meeting. For now, markets look more stable, but many are still waiting to see what happens next.
Crypto prices slipped a bit after a strong May. Bitcoin fell slightly to $104,900 and Ethereum also edged down to $2,493. Even as prices cooled, there’s still strong interest from big investors: BlackRock’s Bitcoin fund took in $409 million last week, and its total size hit $72 billion. A similar fund for Ethereum is also growing fast. Headlines from a major crypto conference showed governments and companies getting more involved, with Pakistan starting a national Bitcoin reserve and US and UK officials talking about friendlier crypto rules. Some crypto-related stocks lagged behind as traders took profits.
For a global look at markets – go to Inspiration.