The Politics of Ecstasy
Markets rarely move in straight lines, and they certainly don't move according to a single narrative. The latest AAA Report explores a market where leadership is shifting towards Commodities and Equities, with Energy, Agriculture and Industrial Metals all trending strongly.
Japan remains a persistent leader, while the US has regained momentum. Elsewhere, Europe and the UK are losing altitude, bonds are sending a decidedly selective message, and Gold appears to have a mind of its own. We examine what these conflicting signals tell us about the market — and why, for a trend-following investor, the contradictions may be just as important as the trends.
