“That men do not learn very much  from the lessons of history is the  most important of all the lessons  that history has to teach.” – Aldous Huxley

Not that much to add to our Latest Outlook Video. Tension keep on building on the geopolitical stage but equities just don’t care. As humble students of the markets know, this pain trade can continue far longer than most participants can stay solvent and records are made to be broken. However, you can run but you can’t hide, sooner or later the unwind will come… don’t forget to keep an eye on internals, breadth doesn’t lie.

The most interesting development seems to be that we have seen positioning and squaring coming in on fixed income and more importantly, on commodities. As we have discussed in the past, if you are looking for ‘tells’ intraday, keep an eye on USDJPY and GOLD. You need to be watching those ‘like a hawk’.

Again, don’t forget that most of the event risk this week is in the o/n sessions, outside of RTH. Trade and manage risk accordingly…

As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.