Equities have become so godawful annoying, I’ll turn my attention to currencies. In my view, the Euro is a safe bet on the short side right now. Medium-term, it seems to me we’ve broken an important channel on EUR/USD, as we did in the past (see circles below) and the upside risk is much smaller than the downside opportunity.

With a longer-term perspective, you can see how sickly the Euro has been (for many years now), and it seems altogether possible that the Trip To Parity could, in fact, become a reality within a year.