The headwinds are currently massive, and the positives few and far between.
The looming US election seems to be very much a no win scenario
Rising cases prompting lockdowns in europe.
The only real boon is the lockdowns in vic easing.
Thing is, this appears to be a temporary up, with a lot of financial pain to come. Businesses wont be ramping up to full capacity for a while, and I think we are going to see supply chain issues with covid cases causing issues here there and everywhere. We also have businesses that are yet to go out of business staying in business solely because of support measures. These will stop sooner or later. That means defaulting and pain to come.
WBC Price at posting:
$17.63 Sentiment: Hold Disclosure: Held
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