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02 July 2020
Monthly Newsletter - July 2020

"Paradoxically, the man who has failed and the one who is at the peak of success are in exactly the same position. Each must decide what he will do next." ―  Kano Jigoro

“What is life without honor? Degradation is worse than death.” ― Stonewall Jackson


Clues from Recent Asset Classes’ Behavior

Macro: The Question is Where the Recovery in Data is Going to Settle

Oil: Price Recovery Depends on Shrinking Inventory in Crude and Transportation Fuels

MENA: Saudi Arabia… Austerity and High Valuation imply a Cautious Stance