This week’s episode covers:
- U.S.–EU trade deal impact and the new 15% tariff baseline
- Margin debt surges—5th fastest rise since 1998 (source: Deutsche Bank)
- Fed and ECB hold steady, but tone remains cautious
- Breadth weakening beneath the surface despite equity highs
- Trimming gold, watching silver/platinum and volatility signals
- July portfolio performance + positioning adjustments
- What we’re watching: CTA trends, EMFX momentum, and central bank shifts
Referenced Sources:
Deutsche Bank Macro Strategy Notes
SentimenTrader Momentum/Breadth Indicators
MRB Partners EM Currency Research
Dantes Outlook internal trend models & analytics
Connect with us to access portfolios:
DantesOutlook.com/connect
