Get the feeling this down leg may be as frustrating for the bears as the rally (such as it was) was for the bulls. The chart below shows the performance gap opened up between the XAO and SPX in recent times. The two black squiggly lines that appear to show a much closer correlation are the SPX and AUD index, suggesting perhaps the currency may be a more rewarding short than the index.
Get the feeling this down leg may be as frustrating for the...
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Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |