Chinese New Year of the Bull

Macro Perspectives: Tue 16 Feb 2021

Last week, perhaps fittingly, saw the start of the Chinese New Year of the Bull.

Indicies, yields and Oil remained strong in defiance of the previous Friday’s NFP miss - continued optimism of the vaccine rollout helped push the VIX below 20 for the first time since Feb 2020.

Our internal metrics recently took the spot-light on Oil - with Crude Oil in particular venturing into a Bullish Over-Extended zone, whilst also showing signs of Anti-Persistence (what has recently been taking place is unlikely to continue to take place). Our Global Market Dashboard will be provided daily via Twitter (should you want it directly into your Inbox, please get intouch) and serves as a means to track the underlying market sentiment.