A few positives to look at while the market sorts itself out.
1. RSI indicates XJO, XTX & XAO are highly oversold & there should be a trend reversal soon.
2. Covid has peaked in Australia on 13/1 & is on the way down. Omicron peaks fast in a month & settles fast in a month.
https://covidlive.com.au/report/daily-cases/aus
NSW peak was 13/1. https://covidlive.com.au/report/daily-cases/nsw
VIC peak was 8/1. https://covidlive.com.au/report/daily-cases/vic
QLD peak was 14/1. https://covidlive.com.au/report/daily-cases/qld
SA peak was 14/1. https://covidlive.com.au/report/daily-cases/sa
ACT peak was 18/1. https://covidlive.com.au/report/daily-cases/act
TAS peak was 8/1. https://covidlive.com.au/report/daily-cases/tas
WA has very low numbers. https://covidlive.com.au/report/daily-cases/wa
Everything should be back to normal by mid to late February. Gives the team time to integrate Kaddy.
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