Insights

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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Is Your Equity Portfolio Aligned for a Turn in the Credit Cycle?

Using QI's Risk Model to Spotlight Potential Winners and Losers

1. SPY - amber warning from macro uncertainty
2. Pole Position Pricing
3. US - Europe

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Qi Macro Spotlight - The Inflation Narrative is Shifting

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1. Time to fade European equities
2. Time to fade 10y BUND yields
3. KWEB also vulnerable