XJO 0.82% 8,320.4 s&p/asx 200

Smart and Sexy Monday, page-3

  1. 3,039 Posts.
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    So what will stop the market rising this week ?

    Fridays trading higher was a surprise to myself as the lead from US Thursday was not that strong.

    Fed meet thirsday with 25basis point rise expected and considered to be priced into the market already.

    Could we get 50 basis points ? Doubt it very very unlikely

    Trump budget to congress thursday. This could be the knockout effect. If his budget plans looky shaky and the markets believe congress wont pass it or dull it d9wn this may be the excuse for the bears to run rampant. The rally has been built on trump getting his own way with fiscal spending.

    I read a few weeks ago that if the 10yr bond pushes higher than 2.65% a selloff could be in the offering.

    Just some rambling thoughts and hard to see anything halting the run higher.

    Miners belted last week so a bounce in the xjo with the banks holding good gains is more than likely.

    Index expiry thursday ?????
 
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