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: Commitments of Traders for the week ending August 6.
The reasons why we focus primarily on the behavior of leveraged funds:
- They are likely to have tight stops and no underlying exposure that is being hedged
- This makes them most reactive to changes in fundamental or technical price developments
- It provides views about major trends but also helps to decipher when a reversal is looming
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity