Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Head of Commodity Strategy
Summary: Leveraged funds cut bullish commodities bets by just 4% in the week to November 6. Continued heavy selling of crude oil and products were somewhat offset by a pickup in demand for metals and grains.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity