The supporting factors of recent weeks are gradually fading
Uncertainty is heightened despite the global rise in equity markets
Preference for anti-cyclical trading and neutral positioning
Market turnaround – Europe strong, US stocks under pressure
European equities outperform temporarily
Equity markets likely to remain supported until the end of the year
Counter-cyclical and balanced positioning preferred
Anti-cyclical trading favoured
Stock markets gain in breadth
Stock markets tend to be weak in summer – except for seasonality at the beginning of July
