Yesterday Oscar states "don't fall in love with the downside, bonds are going to get hit and propel stocks higher."
FYI Basel 3 also elevates Gold to be a tier 1 asset, the best. So it is as "good as cash", kind of funny really. Basel is the Central Bank of central banks. They are requiring central banks to hold more Tier 1 assets and that goal keeps increasing, see chart below.
Oscar introduces a new trade idea....holiday reversals.
and Finally as Orwell is RAFB (Rolling and Freakin Barfing) in his grave, Scotland appoint a government worker to look after every single child. So as a parent, you will have a Goverment worker speaking privately to your child and you cannot be there.