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You still trust polls after 2016 ? I wouldn’t bet my trades on...

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Thundermental

484 Posts.

31

07/10/20

16:34

Post #: 47917541
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Originally posted by norto89 ↑

Yes, at a macro level, I agree. Although, I think the odds have significantly shifted towards a Biden victory over the last week or so. Unless the polls are significantly wrong, it should be a democrat clean sweep. If this is the case, a fair bit of the uncertainty has been removed and markets have started to bake this in. My contacts in The States have confirmed this. If this happens, you will see a very large stimulus bill being pushed through by the Dems which is + for growth and energy demand.

SXY exposure is predominantly Oz focused, however. With a stable liberal government in place, a strong focus on growth ( yesterdays budget confirms this) and a gas led recovery, you would think the outlook is pretty + from here.

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You still trust polls after 2016 ? I wouldn’t bet my trades on them that’s for sure. One thing though I’ll be out of all shares before November. SXY will be the first buy when I get back in. Timed the Wuflu well so we’ll see. GLTA

SXY Price at posting: 32.0¢ Sentiment: Sell Disclosure: Held
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