Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Head of Commodity Strategy
Summary: Trying to make a short-term prediction for crude oil at this stage is close to impossible. Increasingly supportive supply fundamentals have been countered by a deteriorating technical chart setup and the US-China trade related weakness. But with geopolitical and supply risks continuing to build it will take a very brave soul to go outright short the market now.
Equity outlook: The high cost of global fragmentation for US portfolios