European indices have struggled through 2022 with a war raging on their doorstep leading to a painful and worsening domestic energy crisis. The French CAC has already corrected -22% from its January high, while we have no bullish catalyst the index continues to hold its long-term support ~6,000 suggesting a bounce is a strong possibility.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Monthly Update: Portfolio performance and positioning during October
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is mildly bullish European indices
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