Macro Monday Tactical Book: Signs of breakout in SMI —#SaxoStrats
We like the technicals and breaking out price action on the SMI (Swiss Equity Index). Its sits well with our structural view of depreciating Swiss franc, which should benefit the exporter heavy index.
Management and risk description
Risking 1% of assets under management; the key risk is obviously risk-off in the Eurozone.
Target one: 9492.
Time horizon: Four weeks to six months.