“The only thing worse than being blind is having sight but no vision.” – Helen Keller

Markets continue to grind higher as we move towards month end and the labor day weekend. No big change to what we discussed on Tuesday and in our latest latest outlook video.

Despite the fact that we can easily see markets really getting one-sided, especially in this last week of the low liquidity summer doldrums, headlines risk is building and it could really cause havoc in this kind of context. Our focus remains on Washington with every increasing risk on the tech regulation front and on NAFTA as we move into this Friday deadline.

Experienced traders are very familiar with the fact that, as Keynes said, markets can remain irrational longer than you can stay solvent but this doesn’t mean that we should ignore the context and risks.

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