Quick one for you this morning (our main weekly message to follow soon).

Asian equities were mixed overnight; 9 markets we track down, 7 up. While Brexit headlines remain concerning, the pound (unlike yesterday) is suggesting something constructive is in the works (+0.83% this morning). European stocks are leaning green, with 11 of the 19 bourses we follow presently higher on the session. US major averages are mixed: Dow +17 points (0.06%), S&P 500 up 0.09%, Nasdaq up 0.07%, Russell 2000 down -0.26%.

The VIX (SP500 implied volatility) is down 1.73%, while VXN (Nasdaq vol) continues to paint a risky picture for tech, up 0.58% at 34.68.

Oil futures are up 1.59%, gold’s up 0.87%, silver’s up 1.24%, copper futures are up 0.04% and the ag complex is down -0.07%.

The 10-year treasury, signaling caution, is up (yield down) and the dollar is off -0.29%.

Our core portfolio is notably besting stocks so far this morning, up 0.32%. Energy, silver, industrials, gold and materials are notable winners this morning. While Verizon, banks, financials, base metals and ag commodities are off a bit.

I’ll leave it here with this quote for the great one:

“…my greatest discovery was that a man must study general conditions, to size them up so as to be able to anticipate probabilities. In short, I had learned that I had to work for my money. I was no longer betting blindly or concerned with mastering the technic of the game, but with earning my success by hard study and clear thinking.”

Jesse Livermore

Have a great day!
Marty