Aussie market started patchy with index option expiry on the open before setting up another brave climb to positive territory through the day despite no real US market sentiment overnight. Aussie market is holding to the optimism like bulldog but the wait is over….the macro deluge starts tonight. No more need to worry…the next 7 days will deliver the key macro catalyst to drive markets for the next few months till the US elections. We start the gauntlet of macro worries tonight and finish next Thursday. School holidays are about to start in Victoria next week and NSW follows the week after. Institutional investors give the market over to retail investors during school holidays. DON’T GET TOO BEARISH AT THE BOTTOM…BUY WHEN THERE IS BLOOD ON THE FLOOR…US FED BACKTRACKING, LOCAL SCHOOL HOLIDAYS AND THE DIVIDEND RE-INVETSMENTS IN LATE SEPTEMBER WILL BOOST THE MARKET!!!..… (VIEW LINK)
Please sign in to comment on this wire.