Half-time wrap:
Australian stocks flew to a three-month high this morning as the local market played catch-up with Wall Street's run of record closes.
The ASX 200 rallied 70 points or 0.89% by mid-session. The index drew climbed to 7902.6, within eight points of its all-time high set back in April, before trimming its advance.
Uranium and gold miners, property trusts and tech stocks spearheaded a push that lifted all sectors.
Overnight, the S&P 500 climbed 1.02% to a sixth straight record close. All three major US stock benchmarks gained at least 1% after the head of the Federal Reserve indicated November's presidential election would not stop the central bank from lowering interest rates, if economic data indicated that was the right move.
Personal trading: Man, trading these days is like 'Weekend at Bernie's'. It's all lugging stiffs around, pretending there's life in 'em. "Look, he blinked!" (No, he didn't.) Thank God for AUG this morning: at least it has a pulse. I caught a bit of the rally. A welcome break from the Bernies.
