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Up, Up and Away for the ASX 200

ASX 200 (ASX: XJO) at seven-month high On Monday the ASX 200 gained 30 points (+0.5%) Taking heart from Asian markets after an uninspiring start Banks driving the market higher. AGM season and quarterly earnings in the US colouring the corporate diary. Tuesday saw the market reach a seven-month high, up 64 points to 6196,…

don t short the blue wave

Don’t be short

DEMOCRATIC SWEEP A bit ho-hum today but a major market theme is developing. The Blue Wave chatter has morphed into a new phrase in the newswires – “Democratic Sweep”. This is an image from a US article titled “Wall Street prepares for the blue wave Democratic sweep“. The Bull market is getting ready to emerge.…