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Is the Trump Rally coming to an end?…

•By Matthew Smith
  • With all the goodwill around the world, there is sadly little relief in sight in the Middle East and Ukraine right now.
  • The US election result has produced a “Trump Rally” on markets, with the S&P 500 hitting new all-time high on Tuesday and recording +25.34% year to date. The NASDAQ is also up +27.77% year to date. Compare this to our markets, which are being weighed down by lower commodity prices; year to date, the S&P/ASX 200 is at +8.75% and the Metals and Mining Index at -15.4%.
  • China’s latest action to stimulate its economy was less than hoped for and commodity prices reacted accordingly. Oil is near $US68 a barrel, Iron Ore below $US100 a metric ton, and Gold below $US2,600 per oz.
  • The Aussie dollar is at US.652c.
  • The East coast property market is continuing to contract, with The Fin Review reporting that house prices have fallen in 40% of Sydney suburbs. In Melbourne, the share of suburbs where house values dropped in the past three months blew out to 76.3%.
  • While closer to home, our market is faring better but showing signs of moderating with the number of houses available for sale increasing.
  • So, call me today for an update on how the changing nature of micro markets affect the sale of your home or investment property.                                                                                                                                                                                                           by Jody Fewster
Contact me on 0414 688 988 or by email at jody.fewster@raywhite.com
Please click here to read some of my testimonials.
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