Odd Bins 08.04.2025 - Some significant shifts in portfolio positions
Investment Conclusion
The long Yen Vs US$ position is being reinstated. The long/overweight German equity positions is being sold.
Risk factors for global equities are rising, not falling even if the threat of a renewed all-out trade war has diminished. Among those risks factors are: •
- The working through of tariff costs. •
- US Treasury funding. •
- Market valuations. •
- Confrontation risk - such as Russia.