I don’t disagree with your points that we seem to be kicking goals without getting any points on the board.. but. I think it is driven more by macroeconomic factors given uncertainty around Aus inflation, potential US hard landing, Israel etc which is taking out the heat of the market more broadly.
Personally I’m expecting this type of volatility up into November with ‘over reactions’ to data points. Though this could just be our transition to a downturn
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