Definitely a lot of froth in global asset markets. I presume if we have a major, multi-market sell-off whether bitcoin will rally even harder? Makes an even greater case for the end of fiat money with any central bank intervention (I'm not a crypto FYI).
When a correction does come it will definitely shake every sector. But I also think things are looking quite positive in Australia (and indeed globally?) and the labour market is looking good.. Wages growth has stopped cooling and unemployment is at a four year low. I think discretionary spending will continue to be strong in Aus, especially in the online space
Definitely a lot of froth in global asset markets. I presume if...
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$4.17 |
Change
0.000(0.00%) |
Mkt cap ! $420.4M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.24 | $4.12 | $3.020M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5621 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 4400 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |