Themes:

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04/ Executive Summary

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06/ Mapping the Markets

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08/Risk assets are reaching a trough as financial conditions ease further; cyclical sectors should lead the way forward into Q1 2018

 

11/Timing and Tactical Insight - Equity markets are still favorable, probably until late February / March

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17/At this stage, is a tactical steepening of the US curve nonetheless possible?

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20/Timing and Tactical Insight - The Yield Curve is temporarily Oversold, it should bounce into Q1 2018, at the latest from early January

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26/US jobs data shows late business cyclestage symptoms; the Unemplyment Rate decline looking terminal 

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29/Timing and Tactical Insight - Looking towards 2018 and a late cycle environment for financial assets

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37/Japanese equities continue to Rally on improving fundamentals and abundance of liquidity being provided by the Bank of Japan

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39/Timing and Tactical Insight - Japanese Equities remain strong, while the USD/ JPY has started to move higher

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46/Splicing the markets - The "Cyclicity of Bitcoin"

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