Good thoughts, but I'm not sure about a lot of that..Brexit is...

Good thoughts, but I'm not sure about a lot of that..

Brexit is full of pro's and con's, and due to how long it has been dragging on for, doesn't I believe account for the very recent divergence.

They have HK issues, we have China issues..

We are adding more corona virus cases per capita atm than they are... I would suggest the CV piece is getting better in the UK, and getting worse here.... I think you will find Melbourne's new lockdown policy more brutal than what is in London right now...

We have more exposure in our index (25% vs there 17%) to financials, who are front and centre in the firing line... Our weakness via our exposure to fins is offset by our exposure to mining, which has benefited...

So I don't think its sector based either after looking a little closer...




Note we are looking for something very recent...

1 month ago the correlation was as good as its ever been...

Yes they have more national debt, but the UK has a long history of high debt levels... 250+ % of GDP after WW2. So I'm not to concerned about that macro metric..




Retail vs Professional Investors?
Much higher levels of Australian share ownership by Australian households?
Higher levels of the XJO owned by American Investors?

Hmmmm, In my view, this is a genuinely interesting discussion!


Personal mulling's also of course...