Last couple of days has been very quiet , low volume pushing up stocks as we still in holiday mode. With the 4 day weekend just gone, and another 4 day weekend coming up (if you live in the UK) it is unlikely that we really will get some real direction backed up by volume until may.
Gilts and short sterling fell today as we didn't disappointing on UK GDP, which showed a bounce back from the negative growth we had in the previous quarter. In tern spreads rose as longer dated short sterling contracts fell harder.
As far as stocks go, the portfolio at the moment is ticking along nicely, its easy to be sucked in to buying more but personally don't like the risk/reward around these levels, and am waiting for a better opportunity to present itself. Until then I'll stay on the side lines and watch.
Enjoy the royal wedding for those who are going to watch. Hopefully will see some real volatility in may!
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