US employment for May is out this morning, and it’s a ripper! Unemployment is now the lowest in nearly 50 years and markets rallied hard overnight even though it probably means more rate hikes. And it’s all dolce vita in Rome as the new government is sworn in. Naturally enough, markets rallied everywhere, despite the fact that Trump’s trade war is back on with a vengeance – including America’s allies now!
So this morning I look into all that, plus the Productivity Commission’s draft report on superannuation plus the amazing criminal cartel charges against ANZ yesterday, Amazon’s blue with the Australian Government over GST, and a couple of timeless pieces on ‘growth versus value’ investing, and ‘active versus passive’ investing as well.