Do not be fooled in to thinking, that everything is now OK, far from it. What we are seeing is the market hedging their bets on the recovery as restrictions are lifted. It will all be about the economic data over the coming months. This will be a slow long recovery, first,we need to see how many businesses fail and second the effect on the larger company from the shutdown. We will have better idea during the September reporting season.
Grow Your Wealth – Market Wrap 17/07/2020
The big issue will be unemployment currently quoted at 7.5%. Job Keeper and Job Seeker are keeping the unemployment figures under control at present. However,these programs are to be wound back at end of September, the government is looking to provide a revise...
