The market is heading into a major correction after estimated 20 trillions (yes 20 x1000 billions) injection around the world for people sitting at home doing minimum works since March. We have grown so fat since then and so is world sharemarket especially US Nasdaq and Tesla. It gives you a sense that what is coming esp this ASX market is known as an extreme religious US market follower. The pain will be felt across the boards, and only the absolute winners will not be swimming naked when the tide is out. With the contracts in place until 2022 hence the cash flow, we will take up any pull back in SXY share price, the lower the better, until the sentiment recovers and this is expected to be a bigger hit if no effective vaccines become available soon.
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