Is the Trump Rally coming to an end?…

7 months ago•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.

Share:

Up to Date

Latest News

3 days ago•By Janelle Drew
RBA Holds Rates Steady as Global Uncertainty Persists and Housing Momentum Builds
The Reserve Bank of Australia (RBA) has chosen to keep the cash rate on hold at 3.85 per cent in its July meeting, defying widespread market expectations of a rate cut. With global trade tensions easing slightly and domestic inflation showing signs of stabilisation, the central bank appears to be … Read more
Read Full Post
4 weeks ago•By Jody Fewster
Is there “fog on a runway”?
The S&P/ASX 200 hit a fresh intraday record this morning at 8639.1 on encouraging news of a trade truce between the US and China. Trump now seems focused on the Art of Distraction over the Art of the Deal. The Aussie dollar is now at US .651c (up 8% since April) and … Read more
Read Full Post