The market is currently way overstretched to the upside due to the relentless money printing from the US Fed. We are heading into the riskiest month of the year, October, and the Fed has said we are getting close to a taper.
Stock markets are not looking right.They have sold off over the past month after reaching all-time highs in early September. The price of oil has surged further to over US$75 a barrel. Gas and uranium prices have also risen sharply.
Our government has been trying to secure some sort of trade deal with India for over a decade now. Because it doesn’t take a genius to realise that our economy could stand to benefit greatly from some sort of free trade agreement.
MGC Pharmaceuticals Ltd [ASX:MXC] share price is currently up 6.90%. The MGC Pharmaceuticals Ltd [ASX:MXC] announced that its distribution partner placed an order for 1,000 units of MXC’s CimetrA on an expedited basis.
Utilities software provider Gentrack Group [ASX:GTK] is making strong moves today. The stock is currently up 28%, soaring thanks to an earnings guidance update today. A move that will have investors very pleased ahead of the release of their year-end results on 25 November.
It can take up to 3–4 hours to get the same volume of people through a property as you would in a standard 30-minute open for inspection!
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