Here below please find the latest Swiss team’s technical analysis.
They pick up on many of the same inter market comments as we have on the forum pages.
China remains a key concern and has not bounced in the way they had hoped for. The Aud is highly correlated to the Shanghai.
There remains continued and increasing institutional + allocation towards the late cycle equity sectors, as evidenced by the breakout under way in the energy producers nonetheless.
Here their report:
All the best
Rich