Risk off – risk on – risk off – Morning outlook 12th May

Reading through the news services this morning and all we are seeing is risk off, yet looking at the charts, they suggest risk on. The thing is that many events are no longer moving the markets for much more than a few hours. Looking back a few months and hearing that Trump was not happy with the trade deal with China and the S&P’s would have dived for a week. Now we are seeing it all forgotten in a matter of hours. The new norm in trading seems to be; ‘don’t worry, be happy….’

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