Position Trading based on technical set ups, Risk Management & Trader Psychology. All of a sudden the market has gone cold on the idea of Reserve Bank rate hikes at the end of next year. On an unadjusted basis, the Index increased 39 percent compared with the previous week. The resources sector has led the local market higher, as traders eye stronger cashflows in 2017. We think the bull market has more room to run, but potential policies that have stoked enthusiasm will take some time to be implemented and may not mirror the current proposals. Market Summary: Receive a snapshot view of what’s currently happening in the markets to make informed decisions.
As opposed to Jamie Dimon – who thinks the stock price of JPMorgan is high enough to maybe postpone buybacks in favor of a special dividend – Gerspach says there’s enough room between Citi’s share price and …Read More »