Switzer on Saturday

There’s optimism for Oz stocks but we have to watch Donald!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,715.09
1.11
0.00%
-0.47%
S&P 500
2,712.97
-7.16
-0.26%
-0.54%
NASDAQ
7,354.34
-28.13
-0.38%
-0.66%
ASX 200
6,087.40
-6.90
-0.11%
-0.47%
Data for week commencing 14 May 2018

It wasn’t a great week for local stocks but it was nice to hear and read that our stock market was approaching decade highs. And while we were in the red for three out of the five sessions last week (losing 28 points), it wasn’t a bad effort, given the re-emergence of US-China trade tensions and Kim Jong-un getting up to his old tricks, which could kill off his planned meeting in Singapore with President Trump.

But before looking at Donald-related, potentially, worrying news ahead, with the May 21 deadline for the US to finalise its tariffs on China and for the US Treasury to table proposed restrictions on China investing in the US, let me share with you some standout positive news that warmed the cockles of this stock market optimist’s heart.

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