Upcoming Fed interest rate cuts are countered by weaker seasonality
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
