Daily Alert – Tues 22 Oct: Equities grinding upwards, Japan225 looking the best…

Mark Nugent Daily Alert, Oct 2019

Daily Alert – Tues 22 Oct: Equities grinding upwards, Japan225 looking the best…

Yesterday was moderately risk-on. US equities are facing resistance not too far above current levels. The Japan225 has much more headroom.

Brexit grinds on in the UK. This week will determine whether or not the deal passes or is drowned in a tsunami of wreaking amendments. My money is on the latter resulting in Boris shutting the process down and pushing for a general election.

All quiet on FX but I note a dipping USD (“buy the dips”) and a rallying AUD (“sell the rallies”).

No webinar tomorrow, I’ll be back in the morning with a Daily Alert.

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