The market has come to expect a certain theatre from Trump. There’s even a term going around: the “taco theory" That is: Trump always chickens out. They could be right. But if they’re wrong, we’re going to see a lot of red on stock boards around the world.
Since the start of October, Westpac had rallied almost 17% making it the best performing major bank over this period. So on the basis of the old axiom “buy the rumour, sell the fact”, it was no surprise to see it fall today by around 3% when it delivered an “as expected” full year financial result.
With the increasing sophistication of clinical trials, the medical world and the better educated general public with easy access to Dr Google is becoming more aware of the potential complications and long-term side effects of chronic pharmaceutical therapy.
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