The ASX 200 held its ground this week. In a falling market it provided some sweet relief, however, it did sell off in the last trading hours to end down 5.3% for the day leaving the market flat for the week. By no means do I expect that this is a bottom but it may indicate that the force selling due to high levels of leverage may be under control. On top of this
countries are throwing Billions toward supporting the economy.
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...
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...
Back in Australia our recovery was 40% at its peak, but is now retracing back into a trading range. As shown in the below chart our market seem to be trading in a channel between 5750 and 6200. Volatility has is sitting around 24 which is still high but the trend is...