4min chapter

The Macro Trading Floor cover image

A 2023 Global Macro Outlook | Alfonso Peccatiello & Andreas Steno Larsen

The Macro Trading Floor

CHAPTER

The Positioning Extremes for 2023

If the equity market sells off, it's quite likely that you will get some sugar coating from your dollar position. The euro has definitely reflected interest rate differentials moving in favor of Europe, rather than the US. From an asset allocation perspective, one thing that I find interesting here is how do you approach bonds because ultimately, if we discuss that central bankers are going to effectively be either in the very late to the party camp or not at all.

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