Bit of a lacklustre day. Victorian lock downs upsetting the bank sector. It slows the economic recovery and the prospect of extended mortgage holidays is not what the banks want to hear. The lock downs also kill certain sectors of the economy, increases unemployment, and risks more permanent economic damage and unemployment. Iron ore a mild bright spot today. The APT price is back on after yesterday's trading halt and holding well above the placement price. Founder selling hasn't burst the bubble. Otherwise pretty quiet. We have a look at the US results season today - it start next week. Virus news doesn't improve in the US. The travel sector looks like its got further to fall with all related industries including tourism folding up with it. The new theme is the idea that the May and June economic recovery, while V-Shaped initially, is going to flatten out because of the second wave, not just in the US, but here. No rush to buy overbought stocks. We want oversold not overbought stocks to buy. Can't see many at the moment.