What We Got Right and What We Got Wrong (2Q26)
VP Weekly Wrap - 17 July 2026
This week's charts and research highlights from Variant Perception.
Chart of the Week
Since July 2, we have been observing the significant divergence between our Core and Headline US Inflation LEIs.
What We Got Right and What We Got Wrong (2Q26)
[Video Discussion]
Speakers: Tian Yang (CEO & Head of Research) & Hugh Vuillier (Head of Client Relations)
RIGHT
“Sell America” reverses
Long/OW US tech
Short EURUSD
Macro Risk Indicator stayed “Risk-On”
US labor market not inflationary, not recessionary
WRONG
Stayed moderately bullish gold through drawdown
Long China Tech
Mixed results fading hawkish inflation scare pricing
Manually overriding Macro Risk Indicator in April
Not too hot, Not too cold - July G3 Leading Indicator Watch
[Video Discussion]
Speakers: Tian Yang (CEO & Head of Research) & Hugh Vuillier (Head of Client Relations)
Trial our Research?
