Club Mulgoa

Wednesday, March 06, 2019

SPI independence

Is it true?  At 0650h, the US markets are all down by 0.5% but the SPI is up 10 points.  The price of gold is up a little, the price of minerals and oil are down a little... yet the ASX is expected to trade up at open.

I wonder who is betting that?!  Seems like they have forgotten that we are the USA's poodle or rather sheepdog.  They whistle and we run around...  So, I am expecting a lousy day, especially for tech stocks (NASDAQ is down more).

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