Russell Investment is of the view global equities are not overly cheap, the Aussie dollar is too expensive and commodities are likely headed lower.
Wall Street became more confident overnight that Greece will get the funds it needs to prevent default. Dow up 76. (Locked for subscribers until 10:00 AEDT)
PFP Wealth’s Tim Price notes two previous historic busts in equity markets were followed by long periods of poor performance.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Wall Street is now poised between what might either be disaster or blessed relief over the weekend with regards to Greece. Dow up 68.
The postponement of a solution for Greece sparked mayhem last night, all the way to riots in the streets of Athens. Dow down 178.
Global markets liked the not-as-bad-as-feared Chinese numbers and US retail sales gave Wall Street a kicker last night. Dow up 123.
ATW’s Jerry Simmons explains US equities are not by definition doomed, even though US Treasuries continue pointing into the direction of an ongoing correction for US equities.
Weak Chinese trade data were just one element spooking Wall Street on Friday. Dow down 172. (Locked for subscribers until 10:00 AEDT)