Record highs (again) for the S&P 500 overnight as the renewed optimism surrounding the U.S. – China trade deal left last weeks pullback well short of what might otherwise have been expected. Although bullish sentiment is at elevated levels, there does appear to be an element of FOMO creeping into equity markets. The strong performance of stocks during 2019 has also translated into good returns for FX carry trade strategies. According to U.S. bank, JP Morgan, FX carry trade strategies are on track to deliver their second-best performance in a decade. For those unfamiliar with FX carry trading, returns are ... (full story)