Global markets are beginning to move past the recent macro concerns as clarity improves. The US election cycle and US Fed interest rate cycle both remain in line with market expectations. ECB tapering optimism has Brexit and the Italian referendum as road blocks. Central banks are on a supporting bias while better fiscal policy aligned to infrastructure build out will deliver positive outlook for commodities in the next 6-12 months. The majority of the market remains underweight to market weight on resources exposure. Preferred picks are... (VIEW LINK)
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