With most of the market focused on a horse race rather than stocks perhaps it's best to go to the odds for direction
With most of the market focused on a horse race rather than stocks perhaps it's best to go to the odds for direction. On seven of the past ten Melbourne Cups the ASX 200 has finished higher. Of the three that didn't all occurred in years of financial crises (2008, 2009, 2011). When it has finished higher the average gain has been 0.35%. With no crisis looming down the straight a session of wafty gains on the back if low volumes looks the favourite. (VIEW LINK)
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
No areas of expertise