Capital is pulled from our market as other markets are pushed higher in the short/ medium term. Then with a sell off in USA tech stocks(this time) the capital will then be diverted elsewhere. So there is a pattern at play. This pattern has been repeated in this bull market several times. USA goes up, we go down, US goes down, we go up.
It's not retailers its trillion dollar players hence why the markets move. Ok maybe $100billion players but you get my point.
Capital is pulled from our market as other markets are pushed...
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |