HAIR ON FIRE IN THE US – HOW TO PLAY THE RECOVERY TRADE The hopes for a vaccine have sent the Dow up 911 or 3.85% overnight. The S&P 500 was up 3.15%. The UK up 4.29%. The German market up 5.67%. The French market up 5.16%. The oil price up 8.12%. BHP and RIO…
AN INTERESTING THOUGHT Into the Relapse Zone – We are coming into the “Relapse Zone”, the period after restrictions are lifted – in particular, the market is interested in the experience in the US and UK. The world is watching to see if they have lifted lockdowns too quickly (as looks likely). You can track…
Things to watch out for in the reporting season There have been a number of serious headwinds for corporate Australia, some of which are only just becoming apparent. This week we saw the new vehicle sales coming in far weaker than expected and showing no sign of the trickledown wealth effects of a housing boom.…
