Geopolitics A Ticking Bomb?
Asia equities broadly higher and sweeping aside the mounting tensions between the US and China, instead focusing on the perceived positives which have driven risk assets in recent weeks. Namely reopening economies, slowing COVID-19 case growth and expanding central bank balance sheets.
Macro Digest: Strategy Change - Neutral Risk to Negative Risk - The real "virus" is insolvency and unemployment
In this Macro Digest we look to change the strategy as we have a look at going long volatility and reducing overall risk allocation with that trade and with an increase of the cash allocation.