Daily Alert – Thurs 10 Oct: China talks and Brexit talks turn positive, risk-on, lots of opportunity

Mark NugentDaily Alert, Oct 2019

Daily Alert – Thurs 10 Oct: China talks and Brexit talks turn positive, risk-on, lots of opportunity

After what looks like a bit of fake news from the South China Morning Post about the Chinese trade delegation leaving on Thursday (and which took my S&P500 long out for a loss) things have turned positive on the talks. The US Dept of Commerce are talking up the possibilities of an outcome.

On Brexit, BoJo and Varadkar say they can see “a pathway forward” and negotiations will continue over the weekend.

The markets are predictable: equities and US 10Y bond yield up; GOLD, JPY and USD down. This gives us opportunities.

I will probably hold an equities long trade over the weekend.

Have a great weekend when it comes and I’ll be back on Monday.

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