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Never a dull moment - find out today how the election (lack of) result plays out for the markets and which sectors are seeing the benefit or otherwise. It seems the lack of Senate control by either party is what the markets like the most, no Antitrust legislation that targets Big Tech is likely to get passed (FAANGS+ up 5.33% overnight), and no healthcare reforms, and that sector the best performer in the US overnight. Neither issue really affects us but the tech and healthcare sentiment washes over us as well. Not so good for financials. NAB results in line. Macquarie tomorrow. FOMC tomorrow. US Jobs numbers on Friday. Some good charts in Strategy today, a few buy signals. Net election result so far - no major market impact but Wall St relieved that they might spend the next four years without significant interference from the politicians...a win for investors.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST
Never a dull moment - find out today how the election (lack of) result plays out for the markets and which sectors are seeing the benefit or otherwise. It seems the lack of Senate control by either party is what the markets like the most, no Antitrust legislation that targets Big Tech is likely to get passed (FAANGS+ up 5.33% overnight), and no healthcare reforms, and that sector the best performer in the US overnight. Neither issue really affects us but the tech and healthcare sentiment washes over us as well. Not so good for financials. NAB results in line. Macquarie tomorrow. FOMC tomorrow. US Jobs numbers on Friday. Some good charts in Strategy today, a few buy signals. Net election result so far - no major market impact but Wall St relieved that they might spend the next four years without significant interference from the politicians...a win for investors.
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