With my recent break on the beautiful Indonesian island of Nusa Lembongan at an end, it’s good to see that Sydney has received some much-needed August rain over its major dam’s catchment area as have some other areas of the drought-stricken state.
I also note that August has once again lived up to its reputation for delivering heightened volatility in markets. Key stock indices in the U.S. and here in Australia remain approximately 5% below recent highs, despite yesterday’s extraordinary reversal higher.
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