Big falls on European markets overnight and was it not for Apple, Amazon and Facebook results (all up after hours on bumper results) the US market would be following the US economy rather than the few behemoth beneficiaries of the pandemic. One incredible fact, US household disposable income rose in the 2nd Q whilst GDP fell 32.9%. The power of government unemployment cheques. This is a market held up on money printing, stimulus and Big Tech, none of which translate into a bouyant Australian equity market or economy. We talk about when to sell if you hold, the dull research response to the RIO results, and the Big Tech boom which is not reflective of the physical World.