Profit Taking Seen After Strong Start to the Week

Sep 13 11:09 2017 Print This Article

Geopolitical Risks Remain Despite Period of Calm

It would appear that a running start to the week and fresh record highs in the S&P 500 has proven a little much for some traders, with profit taking seen ahead of Wednesday’s open.

Naturally there is still plenty of underlying geopolitical risk in the markets at the moment, even if acts of provocation have decreased and become less hostile, and this is likely to put a cap on risk rallies for now. The longer this period of calm continues, the more relaxed investors will become which will be better for riskier assets, while safe havens will continue to experience unwinding. Gold is a perfect example of this having come off its highs while remaining at elevated levels.

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