Market closed negative ahead of a raft of macro data and US reporting season worries. The data continues to support US Fed rate hike while China data remains robust. The US reporting season had a good start with financials and that may continue with better rate cycle outlook. The local market is getting overly excited on the recent commodity strength while the main catalyst is simply the Chinese government stimulus. China is likely to maintain the support for the economy into mid to late 2017 to help their leadership changes. But when the Chinese fairy dust stops, we are back into low growth and lack of reform/solutions again. We are starting a big macro week....there is US, China, EU, UK, Canada and Australia to take part. Markets are likely to see how things pan out before the next leg. US markets are in potential profit taking mode and that may be a catalyst to drag the rest of the world down in the short term. Interesting moves of the day….... (VIEW LINK)