Financials under pressure due to the announcement of a royal commission - I expect this to force the XFJ into a moderate downtrend, which I see as healthy for the rest of the market as money will come out of the banks and distribute better throughout the rest.
Combine this with the crazy sh*t bitcoins are doing where I expect money will come out of that market and go back into higher risk equities.
I see the developments of the last 24 hrs as rather bullish for small to mid caps, and probably the large miners.
Or perhaps:
BHP secures new acreage in the Pilbara to mine for bitcoins.
Kidding, kidding, don't sue me.
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