MARKETS SPECTATOR: Stocks booster shot

Expect a long period of low rates to stimulate equities, while foreign money says it's time to buy China.

Price action on the Australian market today was a classic case of ‘buy the rumour, sell the fact’. Over the last week, the market was bid higher as expectations of a rate cut encouraged investors to move into equities. Now that that has been confirmed, we’re seeing some profit taking following the strong rally.


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