Markets are ripe for the next big correction. Israel attacking Iran should have hit the markets like a three-day dose of gastroenteritis. But amazingly the delusionometer reading remains high.
The fact that the markets seem to be ignoring the latest middle-eastern bombardments (most markets down by less than 1%) indicates that markets are treating Trump and his allies (mainly Israel and Putin) as being genuinely great leaders who will protect the planet from all evils.
A weekend is a long time in the markets. I wonder where the delusionometer reading will be by the time that Monday morning arrives.
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Last
8,547.4 |
Change
-17.700(0.21%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,565.1 | 8,577.4 | 8,525.4 |
| XJO (ASX) Chart |