I am anticipating some headwinds ahead and another rough ride over the coming months
The recent US sell-off was driven by investors taking profits and reallocating funds into stocks that have been impacted by inflation, as the US is expected to start cutting rates in September following reports of cooling inflation. This trend is likely to reverse for the ASX, with investors starting to divest from stocks susceptible to rising inflation in light of potential interest rate hikes in August. They may shift their profits towards stocks unaffected by inflation or those poised to benefit from rate hikes.
I am anticipating some headwinds ahead and another rough ride...
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Last
$2.41 |
Change
-0.110(4.37%) |
Mkt cap ! $387.9M | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.50 | $2.40 | $886.7K | 364.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1749 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 5900 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HLO (ASX) Chart |