Market started on holding pattern and then the pain was unleashed as the votes started to pile up against what the market was pricing in. We are likely to see a few days of panic while the market settles down. We don’t see this being a prolonged negative for the local markets as any trade risks will see AUDUSD fall and buffer the effect. Short term shocks deliver long term buying opportunity!!! The sun will come up tomorrow and market will over react. US futures reached 5% drop and locked itself up from further trade…it will get messy tonight!!! For the full report… (VIEW LINK)
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