Inflation started taking off seriously last October which is the main driver behind the severe drawdown of growth stocks this year. Now with high base and dampened demand factored into the inflation rate calculation affecting both the numerator and denominator, pretty confident we will see inflation rates come down significantly over the next 6 months.
IMO we've entered the final phase of this pandemic-driven macro cycle. Don't know if bottom has reached but blind freddy can see the risk-reward is skewed asymmetrically.
DYOR.
Inflation started taking off seriously last October which is the...
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Last
$115.98 |
Change
9.960(9.39%) |
Mkt cap ! $4.400B | |||
| Open | High | Low | Value | Volume |
| $116.00 | $116.39 | $115.11 | $26.68M | 242.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46 | $115.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.98 | 72 | 7 |
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| Last trade - 11.14am 03/05/2024 (20 minute delay) ? |
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Last
$116.22 |
Change
9.960 ( 9.47 %) |
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| Open | High | Low | Volume | ||
| $115.39 | $116.38 | $115.23 | 13125 | ||
| Last updated 11.34am 03/05/2024 ? | |||||
| SQ2 (ASX) Chart |