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Outlook
News found: 117
Investment Outlook
STAY PUT
Tactically LONG USTs, Bunds, BTPs, and global equities. Strategically POSITIVE on European rates, supported by carry and a constructive macro backdrop.
09.24.26
FX/Emerging Markets strategy
Turning strategically negative DXY and positive JPY
Strategically, we switch to a NEGATIVE position on DXY (from NEUTRAL) and to a POSITIVE position on the yen.
09.24.26
Equity strategy
Staying LONG keeping it REAL
We maintain our tactical LONG position on global equities, supported by resilient earnings, sustained AI investment, and positive macro surprises. The LONG stance nevertheless remains moderate.
09.24.26
Macro Outlook
CLEARER WHEN DECONSTRUCTED
For the Fed and ECB, we now pencil in one to two rate hikes, less than the market.
09.24.26
Investment Outlook
MOVE ON
On rates, we maintain our tactical LONG stance on USTs, Bunds and BTPs, while raising the bar for both adding exposure and moving to NEUTRAL. We upgrade our strategic stance to POSITIVE. On equities, we upgrade our tactical stance to LONG (from NEUTRAL), supported by resilient Q2 results. On FX, we remain tactically and strategically NEUTRAL on EUR/USD and DXY.
08.31.26