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Hi all,

Yes recession is looming for NZ, but people will still use their cars to go outdoor, even if they cant afford international holidays.

Any ideas to what other factors could be holding the sp back are welcome.

Could someone be trying to hold the sp back to buy a large amount.

i understand that it will be a few years before fuel consumption is at pre-cov19 level. But international travel bubble can be extended to countries like Singapore, Korea, Japan and Oz.

Won't that mean increase fuel consumption from airlines and tourists driving around NZ. My friend and his family will be travelling around NZ for 2 weeks during school holidays. I am sure million other Ozies will be doing the same.

Shouldnt that be sufficient for sp to move above $3.

why is the market still dragging the sp back to $2.50

what are we not seeing.... i just dont want to be hit with a curve back.

could the market be factoring in a prolong recession cos NZ is slow to open international borders and not recovered its international trade markets.