DAX Futures: European equities due in for a correction

While our outlook on the Eurozone and markets remain supportive, a technical opportunity to fade highs in the European stock market has arisen. We will initially look to fade highs into our liquidity bloc targets however will allow ECB/Lagarde commentary to provide ultimate macro direction across our portfolios. Sensitivity remains from the downside from here.

- Put exposure added to all of our directional portfolios.