Ann: Becoming a substantial holder - Tiga Trading Pty Ltd, page-59

I was reading today that westpac economists are predicting 3qtrs of negative growth with the middle qtr dropping over 5%. This is a big fall in GDP and if correct, will have big impacts on the asx.

Having said that, Australia is seeing much lower levels of covid19 than predicted with some states already suggesting a relaxation of rules as being imminent. This will go someway to reducing this drop. The tourism and education sectors will continue to suffer for a long time though, with or without a cure. Ming, IT, medical sectors will get back up and running quickly though.

I do note that there is a lot of talk about a cure for ARDS being imminent. If we end up with reduced mortality rates from the virus short term, the market may sky-rocket.