Topics Covered

• Setting the global context: the $7 trillion daily FX market and its drivers
• The advantages of technical analysis in high-liquidity markets
• Rule-based systems and algos: strategies for 24/5 trading
• Key FX trading approaches: trend, mean reversion, breakouts, session-based, and news-driven
• Dubai’s financial rise: DIFC, regulation, and the time zone advantage
• The role of the CMT Association and Women in Technical Analysis in shaping the future of finance

Upcoming Events

• September 28 – CMT Riyadh Community Meeting: a premier forum for market professionals across Saudi Arabia and beyond.
  • Register here
• September 30–October 2 – CMT Global Investment Summit in Dubai: an elite gathering of fund managers, strategists, and investors decoding cross-asset trends and innovations in global markets.
  • Register here
  • Women in TA dinner

Visit us at www.dantesoutlook.com

U.S. Valuations: Deutsche Bank research shows that historically, high valuations have led to weaker 10-year returns, raising questions about long-term U.S. equity performance

AI and the Mag-7: The current rally is highly concentrated in mega-cap tech stocks, creating a potential disconnect between pricing and fundamentals.

Global Equities & Currencies: State Street reports that the 9% year-to-date decline in the U.S. dollar has boosted international returns, with Europe benefiting most

Sector Leadership in Europe: BlackRock highlights resilience in banks, aerospace & defense, luxury, and semiconductors, while remaining cautious on healthcare

Diversification: AQR stresses the importance of liquid diversifiers, like trend-following strategies, in reducing risk and improving long-term returns

Portfolio Insights:

• Dantes Outlook Alpha Capture ETF Model Portfolio gained 2.33% in August, outperforming its benchmark by 30 bps.
• Key contributors: cyclical sectors, emerging markets, inflation beneficiaries (INFL), and Eurozone/U.S. bond exposure.
• Year-to-date results: Moderate +6.54%, Aggressive +32.67%, Conservative +9.45%

Visit us at www.dantesoutlook.com to learn more.

Email damanick@dantesoutlook.com to request a meeting.

Rates & Fed Policy: Markets are overly optimistic on rate cuts; inflation remains sticky, keeping the Fed cautious (DeepMacro).

Equity Positioning: Systematic funds are heavily tilted toward equities, with allocations at or near record highs (MenthorQ).

China Equities: Narrowing gap between H-shares and A-shares signals opportunity; liquidity and household cash provide strong support (HSBC).

Market Breadth: Short-term indicators are overbought, but long-term breadth remains healthy (Dantes Outlook).

Fixed Income: Attractive yields unlikely to return to pre-pandemic lows; belly of the curve (5–6 year maturities) offers a balance of income and rate risk (Vanguard).

Municipals & Credit: Municipal bonds and investment-grade credit stand out as high-quality, inexpensive options.

Equities: Active managers struggle against the Magnificent Seven; indexing provides a strong foundation, while Industrials, Financials, and Healthcare offer selective momentum opportunities (Morningstar, Dantes Outlook).

Takeaway: Stay disciplined, revisit bond allocations, and avoid overstretching for yield or risk.