Themes:

​

04 / Executive Summary

​

06/ Mapping the Markets

​

12 / The Cycle Is Transitioning Towards The Last Stage  - Asset Outlook For H1 2018

 

18/ Timing and Tactical Insight - Since September, Inflation and Growth expectations have finally been pulling long term rates up, how long is this trend sustainable?

​

24 / The US Dollar will be boosted by capital inflows in 2018 and should rise again – that could push the economy, markets over the tipping point

​

27/Timing and Tactical Insight - The US Dollar could bounce in Q1, re-test down in Q2 and then accelerate up in H2 2018

​

32 / Medium-term prospects for Gold, Silver and Gold Miner Equities : Q1 should notbe supportive for the precious metal sector

​

35/Timing and Tactical Insight - Commodities have re-synched in December, yet should diverge again in Q1

​

43 / These hurdlesshould not stop investorsfrom engaging the equity markets this year

​

45/Timing and Tactical Insight - Equity markets have now entered the lateststages of their uptrend, they should top outbetween March and mid year

​

53/Splicing the markets - Avoid negative USD correlations until March

​