US stocks hit all time highs again overnight. The Nasdaq was up 1.8% and the SP500 1.2%. Company earnings are coming in strong, the Fed is in a rate cutting cycle and optimism around the trade spat is keeping the market buoyant. The VIX is now falling well back from the high it hit earlier in the month and the gold price retreated again (-2%). Bitcoin also seems to be stabilising after its recent drawdown.

The ASX is set to open lower. The SPI is down 39 points.

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