In a nutshell...
The market pre-prices 3-30 months into the future. That range goverened by uncertainty/anxiety levels.
The market has had a long time to digest the possibility of a US lead global recession. Russia is contained. China is rapidly changing its tune. It has now witnessed the global strength and determination of a unified alliance of democracies with a common cause. It will fall in line.
There will be no shock as we experienced with sept 11 or the later stages of the GFC.
China and the other lowest cost factories of the world will soon enough start exporting deflation again on a grand scale. Begger-thy-neighbour.
The market has evolved to a higher level of efficiency in regards to anticipating monatary policy.
There may be hiccups in 2023, but they will represent opportunities to accumulate shares of quality companies (at reasonable or suppressed valuations) that will continue to thrive during the next economic expansion.
Ann: FY22 Investor Presentation, page-60
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Last
$28.52 |
Change
-0.050(0.18%) |
Mkt cap ! $18.42B | |||
| Open | High | Low | Value | Volume |
| $28.11 | $28.65 | $27.89 | $6.693M | 234.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1890 | $28.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.61 | 1627 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| REH (ASX) Chart |