The market down today which suits us but there are reasons to doubt our recent cash call with a buy signal on our Heikin-Ashi chart. We discuss that in the Strategy section today and decide not to do anything about it, the market is a bit of a charade at the moment trading on constant Fed support which at some point is going to wear thin...maybe. Don't fight the Fed! Otherwise there are some interesting articles in the Strategy piece today. Most of the main messages are the same. Fears of a second wave and debate over whether there will be a V, U, L or W shaped recovery (W becoming the more likely).