Good Morning,
Trust that you had a nice weekend and are raring to go for another busy week on markets…
It’s certainly getting cold down as winter is here, but guess what?
No, we’re not talking about Serena Wimbledon’s Prize Money being worth $380,000 less post Brexit…
Yes, the Hawks are on top of the ladder, but more importantly, we had a really strong payroll figure on Friday night in the US (287,000 created last month), so we will have a lot of green on our screens this morning.
Good news….
So we finally have a Prime Minister here in AUS…
It only took 8 days after the actual vote and for the first time in History, both Malcolm & Bill are open to“electronic voting” via our smart phones…
We’ve been saying this for years now…
About time, right?
Just think about how much of our tax-payer money has gone to pay for this election, which could be better spent in Health, Education or Infrastructure….
In Oz, this certainty should bode well for markets and combined with a strong move in the US on Friday night, this can only be a positive.
Don’t get too bullish just yet, with US FY results the key for the market this week….
Alcoa is first to report its earnings and a lot of focus will be on Aluminium prices… JP Morgan, Goldmans are next up… some positive results will send the SP500 to all time highs…
For those in Peak’s CFOAM opportunity, please make sure to transfer funds, if you haven’t done so already.
Let’s have a great week.
SPI futures + 50 indicate a strong start this morning.
By Niv Dagan
