Amidst a morning fill with action, our local market is, with exception of the large market caps, still relatively subdued. Wall St's 220 pt gain overnight have had no profound impact, neither does the prospect of a Phase I US-China trade deal finally about to be cemented (falling short of just POTUS signature) nor news of a prospective landslide BJ win in the UK polls that should pave the way for Brexit resolution.
Gold is only holding up because the USD has suddenly gone weaker (despite the Fed announcement about holding rates steady for longer yesterday) - in AUD terms, gold is now fairly weak. AUD has now moved up to 69c and am sure the RBA is not going to be pleased with this as they now admit that the recent rate cuts we had in Australia were designed to push our currency lower.
So yes POTUS is winning and his impeachment vote in US today will almost certainly make him a pariah of a President- the fourth (or third) to be impeached, but this is not having any relevance to the market because the Republican Senate remains steadfastly in support of him.
The PNV shorters will have their day of reckoning as PNV's BTM product has now received EU approval.
Guess the world is ditching principles and integrity, as long as one wins, no shame!
If WeWork had been listed and its sp would be doing gang-busters, making you rich , you wouldn't blink what he (Adam Neumann) really does or what his company actually do, would you - because its sp is doing great and gives you blind faith and makes you profoundly rich, even though he may be a charlatan and a fraud, of course we saw that with Big Un locally, the boy is a "genius"!
