"There seems to be a shift in sentiment following lockdown lifting measures in Europe and across several U.S. States that would suggest growing support for equities. There appears to be a good chance that U.S. equity indices will quickly move through recent highs seen on the 17th April."
"The gentle lifting of lockdown measures will drive a much needed boost in demand for oil and its products; but it appears unlikely any uptick in demand can make a serious dent in the global glut of Crude. Without any major shift in the supply/demand balance being likely in the next month or two, expect oil to head into range bound trading."
"Gold has enjoyed a fantastic run as expected in these recent weeks of turmoil and is due a breather. With market sentiment improving in general, gold is vulnerable in the short-term as flows re-balance into equities."
"Bitcoin has been moving steadily over the weekend having surpassed key resistance at $7,500, therefore, we are long for the time being. This pull back that we anticipate will most likely still happen, but due to Bitcoin continuing on the upwards trajectory it has been on for the past 7 weeks, we see this is likely to continue post-halving. This means a trap could be set for buyers at around $8,000-$8,500. The longer the price holds at this level the less likely a return to the downside, and of course, as usual, I am expecting some interesting volatility to come in the weeks ahead."
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