Switzer on Saturday

Don’t fight the Fed, the RBA, the ECB and Donald!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,719.13
-34.04
-0.13%
2.41%
S&P 500
2,950.46
-3.72
-0.13%
2.20%
NASDAQ
8,031.71
-19.63
-0.24%
3.01%
ASX 200
6,650.80
-36.60
-0.55%
1.48%
Data for week commencing 17 June 2019

It has been a big week for stock market gains here and in the US with two “don’t fight” drivers explaining how equities keep defying gravity. The first is the most famous “don’t fight” warning i.e. “don’t fight the Fed”. Smart market players demonstrated that they’ve learnt this lesson well and truly this week, with the S&P 500 up about 2.2% for the week.

The second is don’t fight Donald! More on that later.