You're not going to believe this but Budgie is thinking of becoming a bull. Her argument is even the RBA is so bullish why the [content moderated] are we focusing on short? Hmm...
Our market bulls have been extended and stretched due to divvy chasing which explains why the gap of spi & xjo is around 30 points. They are factoring the ex divvy adjustment and selling spi as an insurance of chasing stocks for divvy.
NFP tonight and number will be very wild and remember stock markets run 6 months ahead of economy recovery.
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Last
8,600.6 |
Change
30.200(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.6 | 8,570.4 |
| XJO (ASX) Chart |