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The UK’s referendum on EU membership was notable on many fronts. One being that it was the single largest political betting market in history, with around £100m wagered on the outcome. With opinion polls closer to the date suggesting a knife edge result – it was interesting to see that most still did not believe a leave vote would win. Bookies not only lost (some paying 3:1 before the vote), but so did the UK.

Who would’ve thought bookmakers were oracles of financial markets? That’s exactly what’s been happening over the last few weeks, as the United Kingdom lurches closer to their referendum on whether to remain in the European Union.

Australia contended with a (sort of) surprise interest rate cut on the eve of the Turnbull Government’s Budget. The RBA showed concern at the falling inflation rate and stubborn dollar, cutting the cash rate 25bps to 1.75%.

If I asked you to name a famous stockbroker, who would you answer? The fictitious Gordon Gecko, or perhaps the real life Wolf of Wall St might come to mind. So might imagery of excess - fast cars, Italian suits and extravagant lifestyles. However, wherever there is excess, there is always room for someone to undercut and disrupt the status quo. In 2016 the infamous stockbroker is either a heavily regulated wealth manager or a computer. Sorry to disappoint you.

The zombie apocalypse is near, as China's debt is approaching $30 trillion.