Penny Still has to Drop

“When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes

No change to our base case outlook: things are going to get worse before they get better. As we already discussed and highlighted, this week has offered ‘a lot’ of opportunities for both short-term and position trades.
In the next 24h we wait for developments out of the WHO and China’s next update.
China is effectively slowly shutting down and policy makers and administrations are behind the curve desperately trying to delay any action in order to avoid hurting world financial markets. Unfortunately, this is the sad state of affairs.
As we have been doing all week in the webinars and video updates, today we will be reviewing events, announcement and key points for these next 2 days, along with our positioning into the weekend.
As we discussed on Monday, don’t forget to keep an eye on Bernie and impeachment developments on Friday too.
In addition to the other charts we posted this week, If you are not focusing on these 3 key charts, then you are likely not really paying attention:
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Wishing you a great day ahead.

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