It’s September! Time has trickled away so quickly. The summer, at least in Britain, might be coming to an end. This might also ring the bell for markets to wake up from a pretty low-action summer so far. Apart from some bond volatility and some downside in equities, the past few months have been short of new narratives.
Let’s dig into a bit more detail and analyse the full landscape through the lens of the models and see what has changed since last week and the alerts fired during the week. The reversal bounce in equities worked out well and has now triggered back some longs. In many indices we are attempting to break above key levels. Treasuries regained some strength and are now in a waiting zone, while European bond markets are posting new relative strength markers. Let the wave of ~70 charts roll in. There is always an opportunity somewhere.