The ASX is certainly underperforming given how the economy is almost totally out of lockdown, Australia has by far away absolutely nailed it in terms of the pandemic, but ASX market confidence is shot to bits.
Perhaps there is a Kevin Lewis impact on the ASX if the ISX debacle indicates that the ASX compliance and governance approach will have to be massively increased as the market comes out of its low points.
The compliance and regulation appears to have been appalling. perhaps a lot of companies are trading at low prices because of the prospects of heavier regulation as opposed to this lite-Reg approach and the trials of relative minnows like ISX whereas the ASX 200 and BNPLs do not seem to be targeted in the same way.
Perhaps the muted market sentiment is the Kevin Lewis effect? Or is it the Kevin Lewis impact on sentiment?
ASX Price at posting:
$86.89 Sentiment: Sell Disclosure: Not Held
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