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07 October 2020
7 min read

The Opening Belle

Risk sentiment has improved this morning after last nights 'Trump-Bomb'.

Down under, the ASX rallied strongly with consumer stocks leading the way.

Markets are betting that the tax cuts announced yesterday will boost spending.

U.S Futures are perking up too

Soooo, about last night.

NO STIMULUS... Or political games?

Trump cancelled negotiations.

There was a kneejerk reaction, with markets selling off initially.

Then everything calmed down again.

Is the boy crying wolf again?
Are these the actions of a desperate man or a stable genius?

As usual, everything was announced on twitter.

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