sp'daily5
VIX'daily3
Summary
It was mostly just another day of minor chop in equity land, as we're still seeing the market rather twitchy to sporadic trade chatter... not least from Trump.
It is the case though that the reactive down waves are usually only moderate and brief.
Equity bears should keep in mind that a US/Canada trade agreement announcement, is viable at ANY time, and it would likely pull the main market to around sp'2940/50s before end month. A US/China agreement is clearly far more important. Many do appear to recognise the market could see an end year pop of 10%, and that would get us real close to my original year target of 3245.
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Goodnight from London
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