WBC 1.18% $27.47 westpac banking corporation

Yes the US is doing well and they should be. Companies should...

  1. 2,498 Posts.
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    Yes the US is doing well and they should be.

    Companies should have good results too as the impact of the trade war will not be eating into the profit of the last Q yet so good results should push US market higher.

    Bond market/inflation creating panic as a result of higher rates may become the biggest risk of all.
    Trader war can not be underestimated either, the Chinese have a different mentality with the EU and Chinese is US rival not like Korean or Japanese as they are allies.
    The Chinese is all about honor and PRIDE and TRUMP does not seem to understand this mentality.
    There is a risk of miscalculation of how Chinese will respond to economic pressure from the US and for the sake of pride and saving their face they may decide to go all the way to a full blown trade war and this will be a disaster for global market.

    I am waiting for a signal to take a short position on our market as market correction triggered by trade war/panic will create a massive potential for huge profit !!

    WBC is a local issue and the risk of a RC is nothing compared to big correction in global market.
 
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