Monday 1st February 2021
Equities were hit hard on Friday as the Reddit warriors made their mark. NAB’s Tapas Strickland says the regulators response is to side with the retail investors, eager to investigate trading freezes by brokerages, like the Robin Hood app. Normally you might have expected Friday to see some positive sentiment in markets, with a strong batch of US data. Two new vaccines have come o the scene too, as the spat between Europe and the UK dies down a little over the distribution of Astra Zeneca doses. Today Scott Morrison will address the Press Club, when he will talk of more fiscal discipline, arguing the government can’t write a blank cheque forever.