The Small Print – Disclaimer

Step 2: Identify Opportunity and Risk in the Markets

What is the current regime in the markets?

In which markets, will we have the highest probability of success?

What do inter-market relationships and correlations reveal to us?

i. the beginning and pace of the tightening cycle in the US.

ii. the expansion of ECB's balance sheet and reflation of Euro area.

iii. the Bank of Japan's QE.

iv. Chinese Economic Status

v. Greek –EU tensions / Elections

vi. Oil Prices

vii. Russian - Ukraine Crisis

viii. Middle Eastern Tensions

ix. UK’s Brexit?

x. Iran Agreement

xi. Emerging Markets Turmoil

xii. US Elections

The major Global Macro themes of interest are: