The evidence is that valuation inthe US are stretched especially in the tech sector, there is a flood of IPOwith strong support and high valuations. At present the market is geared to 43%and bond rates are all time lows forcing fixed interest investors into riskier positions.We are seeing record increase in online trading accounts being set up in the USand witness the Game Stop event where individual investors took on the big US hedge funds and won.
Grow Your Wealth – Market Wrap 03/07/2020
Our market has recovered 30% since the initial shock in March. But we are not alone, the US is leading the way and is currently now only down 7% from the pre COVID 19 levels. The ASX 200 is trading around 6000 points down around 17% from the pre COVID 19 highs. Click...
