Marcus Strategy Thursday October 7th - Debt Ceiling relief. Energy prices top out. Market risk reduced. Banks coming up to dividends.
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Today we look at the reduced market risk after the debt ceiling deal overnight. We also look at the energy prices which have topped out dramatically as Russia offers to open up the LNG gas pipeline. If you’re going to buy banks for dividends now is the time to look at ANZ, WBC, NAB. A happy-go-lucky day today. Major market concerns seem to be fading. China starts trading again tomorrow (Evergrande may come back on). US jobs numbers the focus on Friday.