I hold stocks in various sectors and the only one that has gone sideways since this ASX wide correction is BHP. All others have taken a dive.
Sure individual stock prices are determined by what's happening within a coy but this correction is the macro determinate of our current SP and is more powerful than sector or individual drivers at the moment.
So despite current SPP effects etc. LTR in my opin ion is effected by the interim macro environment and if you're bullish on the all ords, this cyclical glitch will be a thing of the past soon.
All this rubbish about Russia and Ukraine is just media driven excuses and not reality. Australia is different to the US anyway and this has really shown lately. if anyone follows the daily US market and ASX movements we haven't exactly followed US indicies to a tee on a day to day basis.
Best to keep up with things such as PMI index and GDP figures as drivers of the economy to see what the medium term future holds for our stocks.
Downrampers never mention that...
IMO
I hold stocks in various sectors and the only one that has gone...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $2.970B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.20 | $6.000M | 4.926M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25711 | 4 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.22 |
Change
0.000 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.24 | $1.20 | 1572354 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| LTR (ASX) Chart |