Themes:

 

12/ Global GDP growth likely to make a trough in Q2 this year; US GDP growth expected to bottom in Q3 2019

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24/ Earnings disappointment plus liquidity drought should create headwind for equities over the Summer

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35/ The yield curve steepening is baked in the cake for the next 6 months

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45/ Taking the mystique away from the Gold rally – the role of macro data and liquidity flows; further gold upside is likely limited to the end of Q3 2019

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Splicing the markets - A hot Summer for Agricultural Commodities