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what happens in Oz has no influence on Bbus. And the US does not...

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nottawombat

6,165 Posts.

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05/06/20

10:14

Post #: 45053320
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Originally posted by antmol89: ↑

Best to stay out of BBUS for a while. There's only really positive catalysts in the near term with regard to global economies reopening. All negative events are expected now (GDP decline, rise in unemployment, etc.)

If you're getting into BBUS now because you're predicting a second wave of corona, you're not necessarily wrong, just calling it too early.

This is worth a revisit in September/October. In Australia at least, the following events are likely to happen around this time:

Mortgage repayment freeze ends (putting additional strain on households and the housing sector)
Job Keeper (likely to) end (this saved a lot of redundancies and small businesses, and allowed people to carry on with the same wage)
Newstart corona virus supplement ends (effectively halving the income job seekers receive)
Second super withdrawal (July onward) starts to run out for those that accessed it

May as well just wait until these events happen. US will be much the same in terms of time frames.

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what happens in Oz has no influence on Bbus.

And the US does not have the same "time frames" , nor the same assistance packages.

Your sentiment may or may not be right , but what you have said in support is questionable.
Value at posting: 2,958.8
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