See the latest Australian dollar analysis here:
Australian dollar poised for higher as Trump destroys America
The pandemic crisis is over:buy stocks! That’s the message from risk markets across the world at the moment, as stocks breakout of their holding patterns and all the short positions are wound back, while rational investors remain on the sidelines.
In mainland China, the Shanghai Composite is up nearly 1% to be one or two points shy of 2900, while the Hang Seng Index is the best in the region, surging over 2.2% to 24464 points, but not yet blasting off into a full blown breakout:
Japanese share markets however have broken free with the Nikkei 225 rising 1.5% to 20433 points to a new post breakdown high, while the USDJPY pair was relatively steady, slowly melting higher to the 107.40 level, ready to tackle last weeks high closer to 108:
The ASX200 was solid and stayed higher throughout the session, finishing 1.8% higher to 5559 points, while the Aussie dollar was able to gain some traction despite the Chinese trade squabbles, almost matching the previous week;s high at the mid 65 level going into the London open:
Eurostoxx futures are reliatively steady alongside US stocks with the S&P500 poised to break above its weekly resistance level at 2960 points and then make a run for it up to 3000:
- Macro Afternoon - May 29, 2020
- Macro Morning - May 29, 2020
- Macro Afternoon - May 28, 2020
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A flat end to the week as the window dressing
It’s like the market has dropped a tab of acid and is now laughing all the way to the bank
Hoping to create its own reality…
…I wonder if it can?
I’m a bear, but…
In a vain effort to become wan with everything you reckon?
The time to get sucked in was two or three weeks ago.
If you missed the boat, then be disciplined and swallow your medicine.
Retail traders get sucked in just as the market tops. Ignore headlines.
I am hoping it lasts until July..
Capital gains tax?
That’s it.
More news on China’s beef with Australia …. now they look to whine as well… they are cheesed off big time
https://www.bloomberg.com/news/articles/2020-05-19/china-mulls-targeting-australian-wine-dairy-on-coronavirus-spat
They like Africa so much they decided to adopt its diet.
Zachary!
This attitude will only speed up the decoupling from China around the western world.
We cannot trust China on any level. There is no future for any country doing business with China unless they are prepared to do everything on China’s terms.
+1
.
Well said, my learned friend. Before long they’ll also stay away from the Australian cock and pullet, no doubt. It’s the raw prawn, I tell you. not to mention the rough end etc….
maybe China wants the rest of the world to be angry with it? so it can turn inwards again and direct anger outwards, so CCP can survive?
It appears that way.
“The Chinese are intentionally torching their diplomatic relationships with the wider world. The question is why?”
https://zeihan.com/a-failure-of-leadership-part-ii-how-to-lose-friends-and-mobilize-people-against-you/
Yep. This brouhaha has really mushroomed unexpectedly. Wouldn’t be surprised if they feel they’ve bean done over by the time this is finished.
This has barley started. Wheat we’re seeing is the crumbling of China’s facade as global partner. Many countries will be corn between the Chinese dollar and will thread the maize of surrendering sovereignty.
That you’re a cereal punster, is not news to us, hell, you even managed to wrench a rye smile from me!
How is that spelt?
t-h-a-t, shirley?
You got it
It might start occurring to the have-nots and other miscellaneous fed-up-with-this-BS discontents in this country to make the experience for Chinese students and temporaries here a little less pleasant and welcoming (in a perfectly legal and non-violent way, of course)
On reflection, it’s likely the Chinese will have their whey with Australia; even if the brazillians and the russians are on the periphery and the curds are just touching the surface of this trade issue.
https://youtu.be/hicC53AhZ6Y
Remember kids don’t trust China.
These work from home traders sure are chipper. Have the brothels opened early or something?
Locanto or Escorts and Babes
More variety on Locanto if you catch my drift.
hey reusa the ‘cock and pullet’, from yeborsky up above, reminded me of the old cock’n’bull at bondi junction.
come on you remember that joint down stairs saturday night. fess up now
Well I do … sunk many a pint there ..and often got lucky too
….back when an English pub was peak vibrancy
not you Mr Tailor, this long distance dedication goes out to reusa. He remembered the snake man down at La Perouse, so i was thinking same vintage and similar geography. Do you remember the snake man Mr Tailor – sorry can’t bring meself to call you Mr Trash
Yes I remember the snake man ….back in those days La Perouse was out in the bush
….but then Sydney was a frangipani scented paradise of 2 million ….now it’s a great international city ….read ….sh1thole ….
Are you retarded they never closed
Are you retarded they never closed gambling drinking gone under ground Syd meib brisvegass
Certainly seems bullish for the near-term
I am feeling pain. Short everything Aussie and hurting. However, I can afford to HODL, so will do it. This seems nonsensical.
If this bull run endures then I see it as time to throw out all old ideas of how markets and money work. I think that will eventually happen anyway, but so soon?
You and me both Arthur…
A word of warning – don’t trade markets on fundamentals. Especially now, when central banks are in full flow.
Fundamentals will always win out — eventually — but you’ll be broke long before then.
The markets as Dom says have departed fundamentals and are completely manipulated. Whilst they are printing trillions I’d be wary. I don’t trust central banks.
I was just reading that Sweden had their HIGHEST death rate last month since 1993.
Yep highest in 27 years!
Some pandemic eh?
People are going back to work. They’re going to take their chances.
Reality is everything will go back to normal.
I admire the Swedes, mainly for being so hot! I’d even accidentally indulge in some of their pretty boys, maybe, if in that crazy moment of doing whatever way nearby.
What? DrX said Sweden would be all sorted a month ago.
At least Chy-na is pretty much sorted. only 6 cases yesterday.
Did they shut down Sweden in December 1993?
Yeah and what happened in 1993 ?
Sweden had an influenza epidemic !
That killed even more people than Covid, at a time when the population was 25% lower
But no one even remembers it
And they certainly didn’t shut down the planet
https://www.dailymail.co.uk/news/article-8332363/Sweden-suffered-deadliest-month-nearly-30-years-April.html
WEIRD, isn’t it ?
I guess things were different in 1993
We weren’t as enlightened as we are now
I believe there may be a Masters paper in this: Heuristic estimation of the value of a boomer/retiree through time according to demand response of accepted and unquestioned societal responses to infectious disease outbreaks; or similar.
There’s also a Masters paper in: The value of housing and increases over time. AND Do rich old people call the shots?
Thought this was interesting:
https://www.youtube.com/watch?v=wKwoMuB2Tck&feature=youtu.be
Mr Druckenmiller is pretty smart and he and of course Buffet seem pretty scared about the hot air in stocks at the mo.
Thanks forgot about that
Wazza can’t seem to take a trick these days (unlike reusa). First off, he got caught out holding a bunch of airlines and now he got outed as having been swindled out of some spare change by some Germans.
https://www.theguardian.com/business/2020/may/19/german-company-allegedly-cons-warren-buffett-out-of-643m
“stock prices are a measure of liquidity rather than company earnings”
“price controls on bond prices”
Yep. Most don’t understand that though, so ….
I feel coerced into having to invest in these central bank manipulated markets. Not only that, the returns on offer look like smoking garbage because every single muppet is buying these [email protected] multiples because TINA.
Lucky I don’t have a gun.
There’s always gold — but Jay Powell didn’t mention that, I assume …
anyway, sold NCM (again) and reduced my stake in ALK. Made few dollars but could have made more yesterday. Lot more. Now we can watch both go through the roof tomorrow.
But happy with the profit overall.
But you’re supposed to wait until gold hits US$3K / oz before selling ncm !
I sold some gold and gold shares today, as well.
Risk complex seems ON today, and for the short-term…I think…
Yes, means gold will spike and stocks will sell now 😉
marching up already.. $1736.
Lol you guys are weak hands!
Holding until I hit my purchase price , don’t want to give any capital gains to the government without a discount
Even my TRY stake is way up , and that stock is a dog
But I agree with your caution: the rug pull is probably coming at some point
What about all that M2 I thought that was enough 😁
I reckon these guys are on the money long term
At the end the conclusion is make a bit of money go gold, a lot of money go bitcoin
https://m.youtube.com/watch?v=oqKi7zL0-SA
No one ever went bankrupt taking a profit — besides, you’ll have CGT to worry about soon enough. Hopefully you have some losses to declare before then 😉
Estate agent puzzled that Tuesday clap for estate agents not catching on
https://www.thedailymash.co.uk/news/business/estate-agent-puzzled-that-tuesday-clap-for-estate-agents-not-catching-on-20200519196560
Oh, I do hope they get the claps they so thoroughly deserve it… the antibiotic resistant strain!
https://overland.org.au/2020/05/corbyn-sanders-and-the-australian-left/
Corbyn, Sanders and the Australian left
(basically no [email protected]$king way)
Sigh … MB spam filter is toying with me
looks like BTC, totally not manipulated, is heading to $9888.00 again.
just got back from my walk and here is an update..
The house next to high voltage power lines sold earlier and then sale fell off is sold again.. after two more weeks on the market.
New For Lease sign so rental stocks are slowly building.
A House that has Sold sticker on since end of Feb still empty.. I think this one will be For Sale again.
Egg-celent!
“Several importers based in Hong Kong, the town of Humen in Dongguan province and Shanghai said the bans were not surprising as the four factories were known for their “sloppiness” even though they supplied some of the “best beef” in China.
Sloppiness .??? WTF …don’t they fcuking realise that straya employs the best , the sharpest and …..the cheapest employees they can find in their meat works ….this is a prized export industry that we value highly and so we put our best ( imported cheap labour) foot forward to protect it
Getitintya straya ……!!!
https://sg.news.yahoo.com/amphtml/australian-beef-exporters-banned-china-105447593.html
Talk about sloppy. Dongguan is a local area between HK and Guangzhou, not a province. A while back it was where a huge percentage of the world’s trainers / shoes were made. Can’t believe a South China Morning Post writer would get that wrong.
Sloppiness is chopping up exotic wildlife in wet markets all over China and selling it for human consumption, leading to a global pandemic.
2014
Bunnamagoo Cab Sav thanks for the tip whomever it was
@bolsty $17.99 at Gbah IGA!
Welks.
$18? I might have to drop in there.
Albo and Sally are not doing a lot for the labor brand
…..
https://chaser.com.au/national/albanese-eligible-for-jobseeker-after-making-role-of-opposition-leader-completely-redundant/
Albo, the great disappointment.
Extra sh t in my book.
Reminds me of a guy who somehow stumbled into a high paying job and just wants to stay there.
All organisations throw them up ….never take a risk
…never speak out ….manage your career ….not your business ….get to the top …and arrive with no fcuking idea…..I’ll be surprised if he lasts another 12 months
All that guy has to do is wait for HR to tell hom to call a meeting once a year where all the staff write their ideas for the business on a post it note. Two years later anything remotely usable is in the strategic plan. Do it near Christmas and not be only does no one even notice, but HR are recommending it as a ‘staff consultation’ exercise mitigating some of the staff survey feedback about how ‘managment never listen’.
All valid points – but only works in large, bureaucratic organisations. In fact, is de rigeur in said organisations.
Alright I’ve just brought a new Laptop and am using it as my main computer/desktop replacement. (its got an 8 core Ryzen 7-4800H processor)
I’ve decided to NOT go with the former Anti Virus programs I’ve used in the past (Norton, McAfee, Trend) and so started researching different alternative and Reading and watching a lot of different reviews.
A lot of the tech reviewers on YouTube reckon that Windows Defender that comes with Win 10 is now a completely satisfactory Anti Virus.
Is this true?
I would be interested in the opinions of those more informed than Me.
If I did just go with Defender is the upgrade from Home to Pro worth it for its file encryption? Does/Would that function prevent ransomware attacks?
Ive been kinda keen on Kaspersky and Bitdefender but would I be handing all my info over to the Russian mafia or the Romanian Mob? (are they the same thing?)
Are they any worse than the Private equity sharks and CIA/FBI collaborators that own and control all the main Western AV offerings?
Please help a dumb Plumber make up his mind.
I have been very happy with Trend…… so that’s all from me
i don’t understand any of what you just wrote but for what’s it worth “avast” is free
and oh yeah full disclosure time me neighbors friend’s fifth cousin ninth removed has some sort of stake in the operation – i think
>A lot of tech reviewers on YouTube reckon that Windows Defender that comes with Win 10 is now a completely satisfactory Anti Virus.
>Is this true?
Hard to say really. do you have kids getting on the machine? They will fckn you up.
>I would be interested in the opinions of those more informed than Me.
>If I did just go with Defender is the upgrade from Home to Pro worth it for its file encryption? Does/Would that function prevent >ransomware attacks?
Nope. that function stops people booting your pc or pulling the hdd out and taking your files because you know the password to that encryption and they don’t.
If you got ransomed your files would be encrypted on your disk with another password you don’t know. another layer of encryption on top of the good one.
Some AV has detection for encryption attack and stops it.
Sophos comes to mind. not a recommendation, just an example.
https://www.sophos.com/en-us/content/offers/endpoint-antivirus.aspx
the best protection for your files is a secured backup the ransomware cannot get to. eg shadowprotect backing up to nas with password on the filesystem, so you can’t browse the backups. Or something cloudish AWS S3 / cloudberry.
Thanks bda2206
I was considering Sophos but am put of by its new private equity owners,
https://en.wikipedia.org/wiki/Thoma_Bravo
They got a stake in McAfee too
Stick with defender. A lot of the vectors for attack an antivirus won’t stop. Buy an external hard drive and do regular full backups, imho best way to mitigate ramsomware with former. Don’t do silly things online and you’ll be fine, downloads from p0rn sites, click on every link in your spam folder, etc.
This
Backblaze, etc
I back up to NAS using Chronosync for Mac, run Cleanmymac for malware protection but am on OSX too which helps
At work (major health setting ) endpoint protection Windows Defender which seems to do a good job but we obviously have some serious enterprise grade protection at network boundary
Arnie was asked to upgrade to Windows 10. He refused.
“Ah still love Vista, baby!”
Whats an Arnie?
Like an uncle.
Like a condom full of walnuts.
Only if it comes with a good Moscato.
Very good
I use paid version of AVAST on 3 laptops and no issues.
The only thing I don’t like about AVAST is I get popups trying to sell me extra features like VPN/Encryption, registry cleaner.. But it works fine.
Whoever noted CEL, you deserve some MOET
that would be me. I have traded them few times. Just be careful as they operate in risky places.
Riskier than the places Reusa visits?
True that!!
How Good is Professor Steven Keen!
100 Grand for every Aussie!
Make the man our first President!
https://twitter.com/ErmoPlumber/status/1262602691798159361?s=20
100 grand???
that ain’t going far in relation to our mountain of debt
wake me up when he gets serious and adds a few more zeros on
I’ll finally get that pony!
I can upgrade from VB to Melbourne Bitter.
Whoa! Steady on.
Glorious!
Friday night reconciling the books at the Gisborne news agency and the boss always had an ice cold MB. Delicious man beer
Agreed. Tennis court maintenance ain’t cheap.
C’mon Keeno!
We need to open teh gates stat.
There is a looming shortage of skilled nail technicians.
https://www.abc.net.au/news/2020-05-19/family-who-skips-meals-during-covid-19-says-rent-relief-welcome/12263782
Haha yeah, come on here to post the same thing. ABC really wants us in tears for these useless parasites, but doesn’t realise that reading about these useless sods will get anyone with half a brain asking the question “why the hell are these people even here?”.
Oh FFS. I’m lost for words.
“His wife, also a nail technician….”
Pfft, just an technician, not an engineer.
The lighting of gas has burnt your air
I cant believe how much Im liking Sky all of a sudden.
ABC can just get f….d.
Ah, c’mon. They smiled nicely at the camera. Surely worthy of a handout.
Lol, the Bali refugees who are desperate for a flight somewhere…anywhere…are going to be dirty on this. Even today they said they’re going to head to Qld in June even if it’s just for a weekend.
“But on Monday the Queensland premier, Annastacia Palaszczuk, suggested its borders were unlikely to open before September, and other states have shown no urgency to open up.”
https://www.theguardian.com/australia-news/2020/may/19/state-leaders-resist-morrison-government-push-to-reopen-borders-closed-by-coronavirus
Geez, how can they show people on Facebook how fabulous their lives are if they have to stay in Melbourne? It’s a restriction of trade!
How do they expect Noosa to survive?
Heads?
Before hydge I can remember there being a market gir Leaf and tip!
Half price without Melburnians?
Bliss.
I’d like to take my kids up from NNSW to Hervey Bay to see their grandfather including one he hasn’t met so it’s not all a lark and replacing Bali
Hervey Bay: the golf buggy capital of the world.
I’d like to myself because I haven’t been able to get back to see mum since my father’s funeral.
The ones I see and hear worrying about it though seem more worried about just being somewhere instead of having an actual purpose.
Anyone see the skywriting over the inner west today?
It said and this is not a word of a lie……
“TAIWAN CAN HELP”
Poppy has seen pictures so you know I am not lying.
What could it mean? Who are they talking to? Are they just trying to rile mainlanders?
Maybe the CCP directed pilot was trying to spell “You Cant Help Taiwan”
https://youtu.be/oqEtrmqmgus
Just doing what we all love and p1ssing off the CCP.
https://www.reddit.com/r/sydney/comments/gmeua1/taiwan_can_help_skywriting_riigggghhhhttt_over/
Would it have been visible at Eastwoo? If so, your theory may hold water.
“Bloke That Spends 60% Of His Life In Manila Warns That Australia Is Too Reliant On Asia”
https://www.betootaadvocate.com/uncategorized/bloke-that-spends-60-of-his-life-in-manila-warns-that-australia-is-too-reliant-on-asia/
And more genius: https://m.betootaadvocate.com/uncategorized/nations-boomers-demand-more-legislation-to-ensure-every-single-investment-comes-without-risk/
As usual, humour does the most effective job shining a light on the reality. I know a lot of Boomers and I think they’ll be okay, but the ones that built portfolios at the expense of future generations, no. I expect to see them lining up to tell Four Corners and 60 Minutes how they’ve been dudded.
The idea of social distancing came from a 14 year old’s school science project in 2006.
https://twitter.com/jtepper2/status/1262677222823006208