Yesterday we had poor figures out from the USA for the Purchasing Managers Index we are seeing bad news come out of China for the General Purchasing Managers Index the PMI for May fell from 48.3 which is contraction in the economy from 50.4 the economists consensus was 50.6 as yet this is not a trend in the economy but we feel that Trumps Tarriffs have knocked the global economy over the tipping point and have had a strong effect on global growth which can be seen from the economic figures. Australia Corporate figures dropped by 0.5%.

Homework: Write a Business plan. Charts, we feel the charts are showing that the market is running out of steam, lots of stocks have breakaway gaps, and now some exhaustion gaps are starting to show. In Burberry on the London Stock Exchange, there is a possible double top reversal indicating the stock may reverse, and there is a gap between May 13th and May 14th, which at some time will be filled it may be time to lock in profit with a bit of profit taking on equity markets. I would like you to check out the History of Goldman Sachs, Morgan Stanley, American Banks, HSBC, and RBS, both British. All Multi-National with a Multi-National client base and Staff.

I would like to point out to Harry that speaking a language other than English does not mean you are a spy for the country you speak other languages than English. I honestly think some members of the Royal Family who are fanatical about James Bond think he only speaks the Queen’s English and not the domestic languages of the countries he is visiting or stationed abroad in. Most of the Banking community must be guilty of spying for another country if it is all about languages mostly France and Israel.

Homework: What is a citation on the UK police force. I am thinking of spending the rest of my life carry a large signe around like those people who carry a cross asking have you got many Citations bribed many Inspectors for a second chance. It used to be that to be an inspector you had to have no citations and if you got one you were fired.

WARNING: Trading can seriously damage your wealth. Always read the terms and conditions of your broker!