Market followed the weak global positive sentiment after ECB decided to trim QE magnitude per month while stretching out the period to the end of 2017. As we always say… “Self Interest”, for lack of a better word, is a good leading indicator. ECB delivered as we expected...not substantially expand the QE while stretching the coverage to the end of 2017. The main moves today were on CWN as China moves to limit ATM withdrawals in Macau and SRX disappoints on trading update. SRX tends to have these every few years and that seems to have been real buying opportunities. The global markets are in an “Inflation Rally” as US and China beat expectations and Oil recovers on OPEC deal. US Fed is the only central bank on a rate hike cycle and we expect them to water down market expectations on the rate of the hike cycle. Inflation is improving but from deflation levels. Markets have run ahead of themselves and short term shallow retracement is expected in the next four weeks!!! For the full report… (VIEW LINK)