Even the semiconductors attracted good money on Friday, even though Broadcom issued a revenue warning based on a China trade narrative. This tells us that for now hope is stronger than reality.
The US$ gained much traction on Friday compared to other main currencies.
A stronger US$ pulled gold/copper lower.
Even Oil could not stage a bounce.
If you are a Canadian markets investor, then the story looks much more negative.
Conclusions:
This market is already pricing a wonderful G20 meeting for the US/China trade issues.
For now, none of the Effective Volume based indicators is bearish. So hope is supported by money.
