Indices 23/09

Starting this weekly thread late because nobody else has bothered. GLTA.

The main action on the XJO threads seems to be in the bear thread. I suspect that the weekly thread gets less posts because it is not as sensational as always predicting a market crash, despite there being a bull market for nearly a year.

RBA rates decision today 2:30pm.
Monthly CPI figure tomorrow 11:30 am.

My predictions for the week ahead are that markets will remain bullish, inflation will remain high and the RBA will keep its feet up on the table while continually pretending that they will go hard on interest rates if necessary. (Those with property portfolios, including RBA staff, tend to prefer low interest rates, because low interest rates push their property portfolio values higher and higher property prices push their tenants' rents higher and their borrowings cost them less. And there is also intense pressure on the RBA to keep interest rates low, from countless professional politicians and media hacks who appear to have little or no understanding of economics.)