The market is up on the day after the 5% fall on Friday - disaster averted. In the Strategy piece today we address the need to be flexible, the lack of a technical sell signal despite Friday, the irrelevance of a trade war outbreak against the current economic backdrop and how, without the market in a bubble, there is no bubble for a trade war to burst. We also look at a few sectors and decide oil, banks and REITs are all bottoming still.