I guess lower interest rates mean, all else equal, higher prices are justified. Also, regardless of business-specific factors, the market seems to have assigned a rosy future to anything 'tech'. It's probable, seems to me, that some sectors are already euphoric (basically a reinforcement of the pre-pandemic trend).
Travel is interesting. The market is definitely looking forward there (as it should).
The famous words of John Templeton loom large, in my mind. But I suspect we are not at broad euphoria yet.
I guess lower interest rates mean, all else equal, higher prices...
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$39.95 |
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Mkt cap ! $3.289B | |||
| Open | High | Low | Value | Volume |
| $40.31 | $40.43 | $39.90 | $3.551M | 88.59K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 261 | $39.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $40.00 | 11200 | 1 |
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| ARB (ASX) Chart |