Equity positioning: Some still have plenty of room to add
"Systematic strategies have been raising exposure steadily but have plenty of room to add while discretionary positioning is holding on at elevated but not extreme level"
Source: Deutsche Bank
12 rules of life
Small-caps rarely perform this poorly
Source: Jefferies
Small-caps rarely get this cheap vs large caps
Source: Jefferies
Two cents on the US consumer
Santa’s present to US consumers
Source: Macrobond
Perfect landing?
Source: Macrobond
Source: Macrobond
For now, it’s job done on inflation
Source: TS Lombard
Bond's relative stress
Source: Refinitiv
