Market was once again taken to the cleaners as investors ran for safety ahead of the US market profit taking and central bank download next week. Aussie market looks to be taking the lead and moving ahead of the US market pullback. The substantial part of the downside risk is already done. We are in a two week period dominated by US and Central Bank macro while local macro should be docile. The local market will sway during this weak sentiment period on market updates from corporates through AGM season. US reporting season has been stable to slightly weak while the macro updates with US Fed update before US Presidential Election will keep things interesting. US reporting season has the old models from the financials doing better while the big global growth tech models struggling. For the full report….... (VIEW LINK)
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