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C8 Hedge – Currency Compass – August 2025

BY JON WEBB
The dollar’s renewed strength in recent weeks marks a tactical repricing—driven by improved sentiment around U.S. policy and trade—but broader macro uncertainty and overextension leave its longer-term downtrend intact. Safe-haven and Scandinavian currencies outperformed, while commodity-sensitive FX underperformed on the back of dovish central banks. The EUR, JPY, and CHF continue to benefit from diversification flows (see our May edition), GBP held up better than expected amid structural challenges, and CAD remains relatively resilient in a shifting global landscape. Read more →

C8 Bulletin: MI2 Joins C8 Studio

BY JON WEBB
The C8 Bulletin is back after a summer break, and we are delighted to announce that Macro Intelligence 2 Partners have added their Macro Alpha index to C8 Studio.  The Macro Alpha strategy is deeply rooted in MI2's macroeconomic insights. These directional strategies encompass a broad range of asset classes. The strategy aims to optimize risk-adjusted returns by dynamically-adjusting portfolios based on changing macroeconomic conditions. Taking three of our Global Macro contributers (including MI2), combining using our proprietary Tactical Asset Allocation, would have produced a 24% annual gain with 11% volatility and, notably, a 40% negative correlation to the S&P over the past two years. Read more →

NDR Dynamic Allocation Strategy April 2023 Update

BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update Read more →
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