A bit of economic optimism creeping in as US and Chinese manufacturing activity is clearing picking up despite the virus spread in the US. Some signs of flattening curves in US hotspots helps. Caution to the wind in technology today and having broken down yesterday the banks have all but recovered today. It is hard to trust the market. Australia of course is taking it all very seriously and suffering because of it. It  will be interesting to see what the RBA has to say about the economy after the new lock downs - they speak at 2:30pm today. A sober realism expected. The results season is going to make for an interesting three weeks. As Roger Montgomery points out this results season is going to be like no other. We talk today about why the Australian dollar matters to the equity market and do a bit of Education on international investment and the MSCI benchmarks used by international fund managers.