The weekly quick update of my highly simplified traffic light signals for markets: Fundamentals: Constant red Technicals: Flashing orange Policy (willingness): Flashing green Policy (effectiveness): Flashing Orange. Together, they imply no change in my overall market outlook of continued volatility around a downward trend. (Does not mean there are no investment opportunities. They are some -- particularly in structured (collateralized) credit, distressed, special sits, and ultra strong balance sheet companies/sovereigns trading at depressed levels. But they are easier for professional investors to exploit, together with those with a strong appetite for volatility.) #volatility #markets #equities #bonds #stocks #investing #investmentmanagement #selloff #centralbanks #economy #currency #forex #gold #yields #investors #ecb #fixedincome #forex #gold #yields #investors #ecb #fixedincome #stockmarket #eurozone #fed #liquidity #monetarypolicy #cnbc #federalreserve #inflation #assetallocation #emergingmarkets #interestrates #fx #fomc #vix #wsj #earnings #yahoofinance #bloomberg #opec #equitymarkets #trading #debt #stockmarkets #traders …see more