Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Chief Investment Strategist
Summary: USD extended its slide for a second consecutive week as disinflation and peak rate narratives remain front and centre. This week’s US PCE data and Eurozone CPI should further reaffirm those trends, supporting a risk-on and dollar-negative sentiment. However, China momentum will get a PMI test and any reversals could propel the dollar higher once again.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity