Switzer on Saturday

Budget is good for stocks. The election isn’t!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,424.99
40.36
0.15%
1.91%
S&P 500
2,892.74
13.35
0.46%
2.06%
NASDAQ
7,938.69
46.91
0.59%
2.71%
ASX 200
6,181.30
-51.50
-0.83%
0.01%
Data for week commencing 01 April 2019

Every working day I do a finance report on Sydney’s 2GB, Brisbane’s 4BC and Canberra’s 2CC with host Chris Smith, where I look at the most important economic or market-moving issue of the day. Yesterday, however, I was only concerned about a future fact and that was the US jobs report.

I told Chris if we got a bad employment stat that Wall Street could start really believing a recession is just around the corner and things could get pretty ugly for us here in Australia.