By Chris Becker
Finally, the US presidential election is upon us and a relief rally in more ways than one is underway across risk markets. A big jump overnight in US stocks could presage a bigger rally as the 2 year old circus finally comes to an end, dragging up other bourses across the Atlantic, while the USD comes back against everything but the Australian dollar.
Looking at Asian stocks first, where the Shanghai Composite continues to melt higher on a bear market rally, almost pipping the July high at 3150 points by closing at 3133 points yesterday. I’m closely watching this week for a close above the previous high with my target above at 3400 or more:
