Big volume and intraday buying. Was this the shake out we need to surge higher?
Royal commission - how's that going to impact earnings? Not sure it will. 2 years before anything changes and any impact will be passed onto consumers through higher rates. That isn't great for the broader economy but the RBA will hold fire on rate hikes to neautralise the impact.
December is a historically strong month. I favour being long.
Fingers crossed Trump gets his tax though later this week. If he doesn't, it's only a matter of time before he does. Tax cuts a good news for everyone. Maybe one day our government will do something to spur growth?
Bartender Appreciation Friday, page-2
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |