Daily Alert – Wednesday 26th February 2020: Equities skewed to the upside between now and the Friday month-end close
Risk sentiment is all over the place today. We were moderately risk-off at 9am GMT this morning but ow we are moderately risk-on as of 1430 GMT. Friday is month end and with equities currently underwater year-to-date, I think there is a significant chance that traders who are shorting equities at the moment will take some profit before the weekend. Of course this will cause equities to rise so I think risks are skewed to the upside for equities between now and the Friday night close.
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