I told you yesterday something smelled fishy given the weakness in the Euro. Fast forward a day and the Euro is in full breakdown mode, and longs are trapped.
There’s nothing on my watchlist that I want to buy, and with the weekend ahead, I’m perfectly happy strolling into it almost 100% cash.
There’s nothing worse than summer trading and choppy markets, and it’s only the beginning of July. We still have a long summer ahead, did you think things were about to get easy?
Here’s a look at today’s hybrid movers: