This grind up went much higher and took longer than expected, but it will reverse soon. It won't be a Jerry Springer 1300 point fall to 6400, but we gotta give some of these gains back. A healthy pullback of up to 10%.
Hopefully the market finally understands that the rate cuts that the market priced in were premature.
29/01 Indices, page-47
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Last
8,221.5 |
Change
10.200(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,211.3 | 8,226.5 | 8,199.7 |
| XJO (ASX) Chart |