Nothing to complain about in our markets

Nothing to complain about in our markets

We have seen another new high in the All Ords last week. The Federal election is out of the way and there seems to be some order coming back to the workings of parliament. Interest rate cuts have lessened the cost of money and much of the talk is about breathing life back in to the property market. Fears of lacklustre economic performance worries some commentators but it’s not holding back the stockmarket as the glass half full sentiment dominates thinking. The direction of the oil price is open to debate while the iron ore price continues to outperform (see charts below). The gold price has found a new, higher trading range. Even the A$ has been rising.

This week we cover Alicanto, Red River and fake news in the graphene sector.