International Market Intelligence Morning Briefing

Geopolitical tensions in the Middle East have triggered defensive market positioning, while the momentum equity trade undergoes a 'reset'. Despite this, macro data remains strong and corporate earnings projections continue to climb globally.

Key Takeaways

• 1.Rising Middle East geopolitical tensions have triggered a market return to the 'Escalation playbook', favoring Oil/Rates and pressuring Equities.
• 2.The momentum 'reset' in equity positioning is not yet complete, suggesting continued choppiness until earnings season matures.
• 3.Global macro data remains resilient, with J.P. Morgan analysts noting that 2026 EPS projections continue to see net upgrades across most sectors.

Table of Contents

• 20 Seconds
• MKT INTEL VIEWS
• Ideas & Insights – In Brief
• Ideas & Insights – In Details
• Positioning Intelligence

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial