Yes, it started strong due to Nasdaq and Dow Jones having strong days yesterday, but the big sell off will happen this afternoon due to selling across the market this arvo to minimize tax losses.
I think in spite from a big world event happening and some problem with the production of the chip (fingers crossed it doesn't happen), then July is set to be a massive month with good news and a solid rise in SP. In my experience, July is the time when the bulls come out as many get tax returns soon, and with this extra money, investing in the market generally increases. July - December is usually a very good period for the market as a whole ceteris paribus unless macro events bugger things up.
I am also happy management didn't release any announcements too recently, because it would have done bugger all to SP I think. From tomorrow, hopefully we can start seeing more good news.
GLAH
2020 BRN Discussion, page-3115
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