MarketsMuse.com update courtesy of extract from a.m. edition of “Sight Beyond Sight”, one of the most widely-followed industry newsletters courtesy of global macro strategy ‘think tank’ Rareview Macro LLC.

Today is About the Forest…Not a Tree

Market Watchers & Worker Bees
Risk Takers
L/S Hedge Funds (Dumb Money) vs. Long Only Funds & Retail (Smart Money)
Model Portfolio Update – February 20, 2015 COB:  -0.76% WTD, -0.32% MTD, -1.19% YTD

We return from our vacation re-energized and looking to provoke some strong emotions among the professional investment community.

If you are a long/short equity hedge fund this edition is going to bother you a lot. Why? Because you are NOT long European risk assets.

If you are a long-only equity manager this edition is going to make you even more confident. Why? Because you are long European risk assets. Continue reading →