Without disagreeing with anything you say, I do think that there is a significant risk of a fairly prolonged downturn in the AOrds. The index tends to go up with money supply and inflation, but with the government likely to scale down JobKeeper/JobSeeker in September, and with taxes more likely to go up than down (??) and immigration taking a dive (??), there could well be a contraction in money supply. And that could put a hole in the AOrds. Just my thoughts, and I would be very happy to be wrong.
BPT Tea leaves analysis, page-560
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