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 version, this will have an impact on business. Early comments indicate that unemployment rates ex-Job Keeper could increase up to 15%.
Grow Your Wealth – Market Wrap – 22/05/2020
We do not recommend to heavily invest at these levels, now is the time to top up some holdings and to start building positions in new companies. It is also a good time to think about selling out those companies with a low chance of recovery. Click for full article