Daily Note- Opportunities


  • Risk markets recovering
  • Fed weary of further US dollar strength
  • Caution within energy and mining sector


Good Morning,

Since February, risk markets have recovered substantially from lows that were driven by a decline in oil prices and concerns that China was likely to devalue their currency significantly. The recovery was due in part to the acknowledgement from central banks that while accommodative monetary policy was needed, ever more negative interest rates and currency wars were likely to be destabilizing. In particular, the Federal Reserve indicated extreme caution as it lifts off the zero bound. While market conditions feel distinctly different from a few months ago, many of the key themes we articulated remain relevant today.

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GlobalMacro360 Daliy Note 17th May 2016


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