Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Global Head of Macro Strategy
Summary: Markets pulled higher yesterday after a rocky start and the positive mood largely continued overnight, especially in Japanese equities. We are noting some impressive extremes in positive sentiment that are a background cause for caution, even if we are at a loss to for any catalyst that could shift sentiment, save perhaps for an unlikely surprise at the FOMC meeting next week.
What is our trading focus?
What is going on?
What we are watching next?
Earnings releases expected this week. It is a thin week on earnings as we are outside the earnings season but earnings from Lululemon Athletica and Adobe are worth watching as both companies are priced for perfection and thus carry an intrinsic skew for a negative surprise.
Economic Calendar Highlights for today (times GMT)
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Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity