Sunset Strip > Trading Day Wrap From Blue Ocean 20170424

Local market popped on the open with French election result before sliding to close a slight positive day. The French elections goes to stage 2 as both major parties miss out…Le Pen faces Macron in final round of French presidential election…market remains positive that EU will survive on the back of Macron…the non far right parties are expected to swing their support behind Macron!!! IT, Banks and Discretionary Retail were the best sectors while Property, Miners and Telcos were the worst. North Korea remains on the war talks while China and US play politics…US VP leaves Australia today…even a strike will not change anything as China is not going to let US take charge…like Syria and Russia. US consumers are beginning to show the inequality of the US economic recovery….US new home sales tomorrow will be another test for the new leadership…consumers losing interest in tax cuts.

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