A review of the trends that current exist across market sectors suggest that there is significant noise about directions and fundamental changes from last month. The equity bounce post the volatility shock seems to have played out and now new information such as “trade wars” seems to be defining new trends. Bonds seem to be moving back to the core negative correlation with equities. The dollar sell-off also seems to have paused except for traditional safe asset currencies. Metals are now trending down but commodities are responding to a weather shock. While there may be profitable opportunities later this month, current signals are mixed.