Billionz Multi-Asset Weekly Newsletter
Hard Assets Outperform as Equities See Continued Sector Rotation Global Developments: Fed chair Warsh sounded hawkish in his speech at annual Jackson Hole symposium. This drove US yields and Dollar higher. Trump said US had struck a deal with Venezuela wherein it would control a large part of Venezuelan oil Reserves. US would control 55% of the effective output and from the JV and obtain the oil at cost. Earlier in the week reports of Iran and Oman making some progress on passage through the SoH had reduced risk premium a bit and caused Brent to slip below USD 90...










