Inflation, rising interest rates. The global stock market correction has only begun. Hence, instos rebalancing, taking up greater cash positions, hence the sell off.
Retail hasn’t started selling yet, but retail could probably start selling next week if correction continues. All just my opinion. In the long run, this could be useful to RZI as people sell out of stocks on platforms such as Spaceship. These users will need something safer and less volatile, so could be attracted to ETFs such as provided on Raiz. And with the recent publicity deal with SWM, if management promotes Raiz in the correct way, could result in more users for RZI. In the short term Raiz could lose users and account balances could shrink, due to panic in the market. Let’s see how it goes.
I will wait for RZI to bottom out at the next support level and top-up there.
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Last
42.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.64M |
Open | High | Low | Value | Volume |
42.5¢ | 44.0¢ | 42.5¢ | $4.761K | 11.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9508 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 37278 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9508 | 0.425 |
1 | 21450 | 0.415 |
1 | 24664 | 0.405 |
7 | 272776 | 0.400 |
2 | 21350 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 37278 | 1 |
0.450 | 9498 | 3 |
0.460 | 2173 | 1 |
0.470 | 1078 | 2 |
0.495 | 16211 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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