Insights

1.       Wherenext for King Dollar?‍

2.      Macro Risk & Gold‍

3.      Dollar weakness = Room forTech to outperform Discretionary

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1. The Trump Discount - EURUSD
2. SPY sensitivity to Dollar& 5s30s hitting extremes
3. What's priced? Global government

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1. Trump Pivot coincides with Credit Impulse Extremes‍

2. S&P500– Past Peak Uncertainty but Path Still Choppy‍

3. MDAX Value from Recent Chaos

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1. USDJPY
2. NASDAQ back in a macro regime
3. Bonds vs Commodities - recession vs inflation

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1. Equities vs Bonds
2. Inflation vs Recession
3. Aussie - a cheap "risk on" bet

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Europe vs US:
Time to Catch Your Breath

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1. Regime change for EURUSD?
2. If the US sneezes, will Europe catch a cold?
3. US HY vs Itraxx XOver
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Be Careful What You Wish For Fed Rate Cuts a Drag for Cyclicals

Navigating the Pullback:
Macro Impact on Styles

1. Credit spreads - the dog that’s yet to bark
2. Recession or positional flush?
3. Message from the US yield curve

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Buy the Dip? Fade the Rip

What Qi's Risk Model Says Now

EURUSD - the rearmament laggard
SOXX - Mean reversion potential
Swissy - Choose the Franc, not the SMI

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