Morning Update

“Safety and comfort comes with complacency, and that’s never a good place to be working from.” – Elijah Wood
Once again, as we have been discussing, markets are being extremely complacent about Geo-economic and Geo- political risk. Our base case remains that we are going to trade heavy/risk-off into the end of the month.
Today should be an interesting day. Among other things, keep an eye out for: the US-China escalating trade war, more Trump headlines, possible multi-billion EU fine for Google and for the findings of the UK criminal investigation into Facebook. Clearly the focus is going to be on action in the Nasdaq.
No change to what we discussed in our latest Weekly Outlook Video, Keep an eye on the Twitter Feed for updated charts and commentary.
Wishing everyone a great day ahead.

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