Daily Alert – Tues 29 Oct: Risk tone positive – equities buoyant

Mark NugentDaily Alert, Oct 2019

Daily Alert – Tues 29 Oct: Risk tone positive – equities buoyant

The S&P500 and the Nasdaq both close at new all-time highs. I am slightly concerned about going long at all-time highs so I take the Japan225 long as the JPY was weak.

In the UK, the Government’s first attempt to win an election failed, as expected. They will have another go today with a simple bill requiring a majority. Should this be successful, it will take a few days to go through the entire parliamentary process required to become law.

Although a busy week on the economic calendar, it doesn’t start until tomorrow with the Fed at 7pm which we will cover live at the webinar. Hope to see you there.

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