We still may get a Santa Rally…

1 year ago•By Jody Fewster

Corporate America is in good shape with third quarter earnings season showing a better-than-expected +5.4% change in the S&P 500 year-on-year.
We are not the only country suffering a housing shortage. The US is also in crisis with vacancies at all-time low of 0.8%.
If data on the economy and inflation prove hotter than expected, the RBA minutes have flagged the potential for another rate rise (most likely in February if at all).
Yesterday the Aussie dollar hit a four-month high of US 65.8c off the weaker greenback as investors bet that US rates have peaked.
Iron Ore hit a nine-month high (above $US 130/tonne) on expectations of more economic stimulus in China.
Resource and energy stocks pushed the S&P/ASX 200 up yesterday to 7,078. We are down today.
On the local housing front, stock levels remain extremely tight. There are only 2,500 homes for sale in Perth and there are only 1,300 houses you can rent.
Call me today to see how this skin-tight market affects you and your home value.

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