Global markets are running into a weaker US reporting season, US Presidential election and major central bank updates on interest rate cycles. We continue to expect the RBA to stay on hold until 2017 after recent inflation and employment data. US Fed and BOJ are expected to hold fire next week while ECB is stuck between Brexit, the Italian referendum and the refugee crisis. Local market continues to see stock specific volatility through the AGM season; meanwhile a potential profit taking risk in US market is likely to drag the USD and global markets lower in the short term. Quant strategy model changes are... (VIEW LINK)