To what extent are these likely to sway the markets?

It's going to get a lot of headlines and a lot of attention, but whether it's actually going to go and be meaningful for the market is another thing coming.

We're not really certain exactly how it's going to go and flip Congress.

There is a lot of ideas here about potentially we could go and see a blue wave come through.

It's very, very tight.

And so how the cookie crumbles when it comes to that result, look, If you get a Democratic clean sweep of Congress, maybe at the margin that might be perceived to be a negative for the US market, maybe for the US dollar.

If you go and get the Republicans outperforming relative to what the current polling is, that might go into the opposite outcome there.

What is your take on the sector? Because we saw the US markets tank on Friday night after a string of tech earnings we saw last week.

To what extent are these likely to sway the markets?

It's going to get a lot of headlines and a lot of attention, but whether it's actually going to go and be meaningful for the market is another thing coming.

We're not really certain exactly how it's going to go and flip Congress.

There is a lot of ideas here about potentially we could go and see a blue wave comes through.

It's very, very tight.

And so how the cookie crumbles when it comes to that result, look, If you get a Democratic clean sweep of Congress, maybe at the margin that might be perceived to be a negative for the US market, maybe for the US dollar.

If you go and get the Republicans outperforming relative to what the current polling is, that might go into the opposite outcome there.

What is your take on the sector? Because we saw the US markets tank on Friday night after a string of tech earnings we saw last week.

For more, I spoke with David Scutt, Senior Market Analyst at StoneX.

Yeah, obviously, Westpac's Q3 update coming through.

There wasn't any great gremlins when it came to statutory net profit or the margin side of the equation.

But it was really the update that it provided on the housing market, particularly mortgage demand, that really has spooked the market.

So it fell quite sharply and it's dragged those other big lenders down as well.

Of course, all eyes now after today's update is what happens with CBA on Wednesday.

Biggest bank.

And the share price reaction from the other banks today, 2% or more, does that surprise you, the magnitude of the response? What's happening there?

For more, I spoke with David Scutt, Senior Market Analyst at StoneX.

Yeah, obviously, Westpac's Q3 update coming through.

There wasn't any great gremlins when it came to statutory net profit or the margin side of the equation.

But it was really the update that it provided on the housing market, particularly mortgage demand, that really has spooked the market.

So it fell quite sharply and it's dragged those other big lenders down as well.

Of course, all eyes now after today's update is what happens with CBA on Wednesday.

Biggest bank.

And the share price reaction from the other banks today, 2% or more, does that surprise you, the magnitude of the response? What's happening there?

What are the expectations here, do you think?

I'll start off by saying that Tesla, unless you're a Tesla shareholder, probably isn't going to be the main impact.

It's going to be what's happened to Google, Alphabet in particular.

So keep a close eye on what it says about Google Cloud because that's its AI puppy.

And then focus on what it says about its potential AI returns because it has been issuing so much debt, so much equity.

We're talking at the moment, I don't know, this year alone, 80 billion US in equities being raised, a similar amount when it comes to debt.

at some point, Market analysts, investors, traders are going to demand to see returns on that investment.

What do you make of that? All eyes on the oil price at the moment.