More extended hedge fund positioning meets Trump's new tariffs
Perhaps a temporary pause
The European economy momentum is continuing to deliver on all cylinders (Volkswagen Polo style, not Audi RS7) and German equities continue to look cheap. But even though the new Trump tariff news won't derail this it will create short-term uncertainty. And hedge fund positioning has perhaps become a little too stretched. Let's have a look at the latest relevant charts in Europe.