ABS data is like peering into a revision mirror as the current fragile state of the economy has investors anticipating potential reductions in forecasted earnings for HLO , while factoring in that HLO will still maintain its current projections.
With Canada's rate cuts and the possibility of the ECB following suit, there is a chance this will stabilize markets and HLO decline, although RBA rate cuts are not imminent. Expectations imo point towards a continued sell-off as some capitalize on tax loss averages, but despite this, it seems we may be approaching the bottom of this downward trend.
HLO Price at posting:
$2.15 Sentiment: Hold Disclosure: Held
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