Here below the Swiss team’s excellent technical round up of the major markets across the world.
I’m personally traveling and researching a specific property investment project so its hard for me to comment more meaningfully other than the long portfolio is running and this persistently warm tail wind to wealth is a wonderful thing and hugely beneficial to all those long liquid assets. No specific levels have been broken yet either to the downside or upside, as far as i can see. We are still waiting for clarity here in my mind.
The tech sector breakout, as one notable sector, could well be false, in hindsight. (One stock is leading this tech revival as the guys pick up). The FX situation also remains as was with a eurusd bounce but no levels breached as yet. The USD vs JPY is powering on which is a good trade thus far. The GBP remains strong, which together with the strength in UK stocks, remains an excellent investment vehicle, for now.
Report more meaningfully post Thursday.
All the best
Rich