It is getting to be a very interesting year end. News headlines continue to talk about geopolitics. One question on my mind is that – with the EU’s largest countries (Germany and France) in a sort of political limbo – does the incoming US government consider EU institutions credible and strong enough to make long term commitments?
I saw some news headlines about China investigating an AI darling. At the same time, I also saw some chatter that BRICS efforts for a credible alternative reserve currency have stalled. I haven’t read what the actual news was – I simply had a look at the headlines. Yes, that would make me reactive to headlines, rather than analyzing what this means for the future.
The Eurozone blue-chip index is going up and coming down, but my momentum indicator is still telling me to be cautious of adding leverage and forgetting it, i.e. leaving it in place. That would indicate small gains for traders at the risk of getting “caught on the back foot”.
