Quite the opposite.
Penny stocks/spec stocks are the first thing that gets hit when there is a large negative Macro movement.
When dow jones or Asx is plummeting and blue chip companys are losing a few % ( which equals millions of dollars) how do you think they stop the bleeding?
They sell their high risk holdings first, ergo... spec stocks.
Think of ot this way. When a blue chip loses 5%, spec stocks will lose 20% (Because they are naturally higher risk).
If you compare the dow jones tariff related drop to 2008's drop. They are very similar, that is not going to breed investor confidence.
4CE Chart, page-457
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.36M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $58.36K | 4.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 941539 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1113529 | 6 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| CRR (ASX) Chart |