What we Liked? The ASX 200 Index was up 1.38% for the month, led by Telstra, the banks and healthcare stocks. Telstra rose 7.24%. It outperformed the market and has a few prominent analysts rethinking their recommendation to sell. The Dow Jones Industrial Index was up 4.71% and S&P 500 Index was up 3.68%. This month was all Trumponomics and protectionist policies, not only against China, but also against its closest allies. Minus Australia. Growth is slowing down in Europe and China. The oil price is rising because of reducing Venezuelan supplies, OPEC restricting supply and deteriorating conditions in the Middle East due to the US rejection of the Iranian nuclear deal. The US economy grew at a seasonally adjusted annual rate of 4.1%. Which is good news but the business world is concerned that Trump’s trade war could weaken growth. Trump has already said he will provide aid to US farmers who have been hit by Chinese tariffs. Alphabet (GOOGL) shares rose after reporting strong earnings. With Tuesday’s gain, Alphabet…

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