Yeah, although it might be overly pessimistic, recession is of a low probability - but who knows, the market could congest for a few months and then break to the downside if more data viz industrials and personal earnings/wages start to decrease - then a recession will become more likely.
Nowithstanding, we are in a commodites superbull afterall, but the market really needs to catch its breath for the next few months.
Cheers.
Me.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |