DBD Strategy Daily - GLOBAL MACRO : the week to come
The sharp reversal on Equities came after a long period of rising US yields (the T-Note Future top dates back to July 2016, it is now pretty oversold), and as European Futures are in long term ranges. This is the first really scary episode on Equities, it is not usually the one that reverses the trend. We have to be patient for a few days to get a stabilisation, indices can move a little lower.
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