US equities only slightly moved today with a short-tailed doji pattern forming for the day:
While the doji is a sign of a reversal in an upward trend, oscillators and moving averages suggest the uptrend could continue. This is also on the back of increasingly dovish monetary policy, price to earnings ratios which have not yet reached on average highs, and an overall strong US economy with record low unemployment and 2.6 percent GDP growth for Q4 2018. 2019 GDP is also expected to be above 2 percent. Overall, much reasons to be bullish in spite of the recession concerns via the inverted 3 over 10 year yield curve.
Meanwhile in the UK, Prime Minister Theresa May said she was committed to her deal being passed in spite of it having failed 3 times already. She also asserted a short extension before EU Parliamentary elections was in the offing while French President Emanuel Macron said the country was increasingly headed towards a no deal Brexit. In spite of this, the pound failed to move:
The UK is set to leave the European Union without a deal on April 12th unless some deal can be agreed between the House of Commons, May’s government, and the European Union.
The Internationalist 