Every year around this time there's talk of a Santa Claus rally on the ASX. So what is it, is it real, and will we see one this year?

Fear & Greed Q+A: Join Sean Aylmer and Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question, get in touch via our website, LinkedIn, Instagram or Facebook.

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Sean Aylmer and Michael Thompson take a look at the main business news stories this week, from the government's budget update - a missed opportunity to right the fiscal ship - through to Treasury Wine Estate's shocking year.

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This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX closes 0.5pc higher

2. PM announces gun buyback scheme

3. WiseTech investigation wraps up

4. Trump Media to merge with nuclear fusion

5. Coldplay kiss cam HR chief speaks

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Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.