Themes:

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04/ Executive Summary

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06/ Mapping the markets

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08/ It could get worse before it gets better: allow for asset prices to fall in August-early September before Reflation Wave II gets underway

 

12/Timing and Tactical Insight - 10 Daily charts to summarize our current tactical outlook

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17 / All that you know before Nov 2008 is now all wrong: understanding how QE skewed the relationship of financial variables

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22/Timing and Tactical Insight -Yields and the Yield Curve remain soft until September, yet the downside is limited from here

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25 / Oil is still susceptible to a last decline/setback in August-September but this will be followed by sharp gains during the rest of H2 2017

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27/Timing and Tactical Insight - Oil is building a base, late Summer could see it rising again

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36 / Is it time to allocate funds away from equities to commodities? An opportunity of a lifetime to do that may be close at hand

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38/Timing and Tactical Insight - There will be multiple opportunities in H2 2017 for commodities

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44 / Splicing the markets - The trend is now heading upwards on GBP/USD, Buy the Dips