“Those who consider the inessential to be essential, and see the essential as inessential, don’t reach the essential, living in the field of wrong intention”

– Gautama Buddha

Not much has changed as we wait for BOE today and NFP / ISM tomorrow. We have attached to two main charts we would be keeping an eye on to get a feel is the ramp attempts in equities have any legs. We’ll stick with our base-case scenario that equities are still in a complex topping process and that we have already seen the highs in quite a few of the charts. Again, don’t forget to keep and eye on bonds!

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Wishing you a great day ahead.