Chart of the Day

“A lie gets halfway around the world before the truth has a chance to get its pants on.” – Winston Churchill
Welcome to the summer chop. As discussed in our latest Weekly Outlook Video, the main risk remains in the form of headlines and developments out of the whole US tariff debacle.
Unfortunately there is very little to add to what we already discussed. At this point we just have to accept that we are in the middle of the summer doldrums and that it’s important to understand that even if markets can probe/extend moves in this low volume chop, all that matters is follow-through and what happens once real volumes come back into the markets.
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.
Wishing you a great day ahead.

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