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Tuesday 22nd October 2024
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Some curious market moves this season with very little around in terms of data. So, with no hard facts to drive he agenda, what’s going on? Phil asks whether, as the election in the US draws nearer, whether we are seeing more indications of a developing Trump trade. It’s not obvious, says NAB’s Ray Attrill, with equities taking a hit, in particular financials and health, that are normal participants in the trump trade. Gold is pushing ever higher though, presumably a sign of nervousness ahead of the big day. Phil and Ray also talk about Andrew Hauser’s comments about RBA cuts yesterday and look ahead to another quiet day today.
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