Hopefully there is a bounce on ASX today. in my opinion we are getting close to the bottom but will we see a V recovery like we did in early 2020? I think not. 4-5 interest rate increases in 2022, high oil prices contributing to high inflation, GDP growth in the US for 1st quarter will not be anywhere like 4th quarter (circa 6%), full employment in US. Omnicron effects in 1st quarter in the US. Have I missed anything?
The Dow is only down circa 7% so there's still room for substantial falls from here. The NASDAQ and Russell 2000 are circa 20% down.
Need some big beats on mega companies in the Dow and Nasdaq otherwise it's down down and staying down for the medium to long term. years!!!!
Hopefully there is a bounce on ASX today. in my opinion we are...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |