Market took some punishment today ahead of the US Fed update. The macro risk of US Fed and BOE update before US elections have been weighing on the market. Small caps are down over 10% from the highs while large caps are down over 5%. The recent extra pain in the small cap space is being blamed on a liquidation of a small cap fund in a weak market. China data continues to remain strong and we see that continuing into 2017….USD weakness is coming through…positive for AUD and commodities….GET SOME GOLD!!! For the full report….... (VIEW LINK)
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