So much of the market is built on this one word: confidence.
This week hasn’t been a good one for the worlds economy and we’ve seen the Australian share market and dollar take a dive.
No single weekend will generally shape a market, but things do hit a tipping point. We’ve seen some sliding clearance rates over the past few weeks so the general confidence will be tested tomorrow.
A large number of the auctions will be covered by us tomorrow in the inner North, so we expect to get a good handle on the weekend and will be able to present that on Monday.
Market resilience will be tested.