|Data for week commencing 5 December|
Donald Trump has become the confidence circuit breaker we clearly had to have, with the S&P/ASX 200 index finally beating the 5500 level. And Friday’s rise to 5560.6 has to give us heart that we might be able to kiss goodbye that bogey benchmark once and for all.
Let’s hope so but we have to accept that a bit of a sell off is always a chance after such a big run up since the November 8 election. Our index is up 7.8%, the S&P 500 has put on 5%, while the Dow is up 7%.