Sadly the ASX just follows the US markets from the night before....

Sadly the ASX just follows the US markets from the night before. I agree that SXY is so well positioned so it’s just a matter of the timing of the 2019/2020 plans and we’re “off to the races”

With interest rates so low in AUS, the AUD will keep falling until the Reserve Bank steps up and raises rates which unfortunately will cause a potential housing crash. Sadly the RBA has held rates far too low for too long to try and support a fragile housing market, so there’s a huge price to pay for us all.

With the AUS falling and with LNG priced in USD I expect a big win coming for the AUS oil and gas producers, so I’m all in!!!

But I wouldn’t touch banks or housing right now. My two cents.