“The tragedy of life is often not in our failure, but rather in our complacency; not in our doing too much, but rather in our doing too little; not in our living above our ability, but rather in our living below our capacities.” – Benjamin E. Mays
This week we will focus on positioning and navigating this headline driven market. Remember that apart from the usual US/China and Brexit headline flow, we will have a lot of key data on top of NFP and RBA, BOC and ECB rate decisions.
Despite of the current rotations in play, the focus clearly remains on equities gunning for ATHs thanks to the continued euphoria around the final US/China trade deal. Don’t forget that we could also continue to have surprises out of the ongoing Trump investigations.
We continue to believe that the market is extremely complacent but are very much aware of the fact that the machines are in control here and that unless there is some kind of catalyst, the path of least resistance remains ‘risk-on’. The most interesting dynamic short-term as we start the week is to pay very close attention to crude oil and DXY; more on this in today’s webinar.
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