Stocks surge on Brexit and China trade deal combo

Global stocks have surged ahead today driven higher by the increased potential for a Brexit deal at the same time as a trade deal between the US and China appears on the cards. With global markets pinning a lot of hopes on these two events coming to pass today has seen most equity indexes rally over 2% with safe haven trades such as government debt, gold and the Yen very much on the back foot. Whilst these announcements are positive TAM remains focussed on downside protection and will be looking to build out its defensive assets at a discount.