We continue to see markets trying to break key resistance levels, underpinned by an accommodative Federal Reserve. However, once more sentiment has just been dragged back by US President jabbing at China. The US is dealing with the worst numbers of the COVID-19 epidemic and President Trump is looking to deflect the blame, with the Presidential election less than six months away now. It has been often the case in recent weeks where these periods of weakness have tended to be an opportunity to buy risk once more. We continue to believe that you “don’t bet against the Fed”. For now though, we see equities coming off ... (full story)