Ben le Brun
Last quote by Ben le Brun
Ben le Brun quotes
We have had a few sectors turn positive, namely the materials and the financials, coupled with property trusts and discretionary. So, if we see this momentum continue, there is a good chance we will close in positive territory.
The (Australian) market won't like it if there are signs that Trump might get in.
We're dealing with a stock that already trades at a significant premium to the rest of the market. It's good foothold into Asia probably has to do with that good valuation.
We are on the cusp of U.S. weekly production statistics - the market is keeping a close eye on that. There is maybe a little bit of profit taking ahead of the stats.
We need to brace ourselves for further volatility. We are seeing a bit of a recovery now with maybe some short positions being unwound. It is certainly going to be a wild ride for investors and traders going into the June 23 decision.
We have got an important week out of the way from a macro data perspective, and not only have we come out of it unscathed, we are seemingly in a stronger place than where we started the week.
Perhaps $30 or just slightly below is acting as a little bit of a floor, but that being said that's a straw in a hay barn in terms of positivity. The rest of the news is decidedly negative about oil.
The market is keeping an eye on the Middle East and developments in Syria, but we have seen some tensions easing.