Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Head of Commodity Strategy
Summary: The US dollar long hit a nine-week high in the week ending March 12, but its breakout attempt didn't succeed in the end.
Funds remained net-short along the curve with the exception of the 3-month Eurodollar, where the net-long jumped 120k lots to 630k lots, the highest since October 2015.