Daily Alert – Wednesday 14th April 2021: Indecision stalks the land
Risk sentiment has been exclusively indecisive this week. Again. Equities float at or near all-time highs. I wait patiently for a pullback. Oil gets boosted by two inventory numbers showing unexpectedly large drawdowns. China Trade Balance is mixed – the headline number is good but the exports element, which is a proxy for the health of the global economy, misses expectations.
There is not really a lot else to say. I will be looking again tonight for any change to the risk sentiment.
I’ll be back on Friday.
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