We are in a choppy near term directional zone here would be my comment with a tendency towards testing the recent buying supports.
All the technical issues remain unchanged. If we get yet another higher high it will be on the basis of significant divergence to momentum.
The Swiss team are traveling today. They may issue a interim brief report due to market events. If they do I’ll of course issue the doc immediately.
At this time of geopolitical concerns its wise to go as neutral as possible which i am doing in regards to my own book of assets.
To the institutional players and their latest reports below.
Here the JP US equities team, bullish to the last:
Here the CS Private Wealth team with their weekly allocations and strategy
Here the CS team with their macro strategy weekly report
Here the SC private wealth team with their weekly multi market report and allocations:
And herethe JP Asia team highlighting some auto plays in the region
And here the JP Asia team highlight some banking targets, banks are seeing much decompression across the region.
And here JP again with more auto tactical trades.
FX update later today and hopefully a capsyn tech run through very soon. We have very unusual market events here due to the geopolitical pressures. I maintain its best to go neutral until this dust settles. Trying to read price at this time of liquidity and rumor is always dangerous. Instruments wise options are a better bet than futures due to these dynamics.
All the best
Rich