Switzer on Saturday

Sideways trap for ASX 200 looks beaten but is it?

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
23,539.19
22.93
0.10%
0.45%
S&P 500
2,587.84
7.99
0.31%
0.26%
NASDAQ
6,764.44
0.00
0.00%
0.94%
ASX 200
5959.90
28.20
0.48%
0.96%
Data for week commencing 30 October, 2017

The stars seem to be aligning for stock market optimists and even if we’re jumping the gun by a few weeks, it looks highly likely that by the end of December we’ll beat the 6000 level on the S&P/ASX 200 Index, if it doesn’t happen sooner. And Wall Street overnight did no harm to my case for positivity towards stocks.

Here are the key take-outs, data-wise, overnight in the US:

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