I agree with the Bears! two of the biggest heavyweight's RIO & BHP in the material sector (which is 1/4 of XJO) is leading the decline.
Looks like RIO wants to test the previous April lows.
Other than the covid recession China has been instrumental in keeping us away from a recession with its GDP growth in the teens.
Not this time as the Chinease economy is in trouble with very tepid growth in the single digits if any ?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23007
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Last
8,555.5 |
Change
80.600(0.95%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,474.9 | 8,574.0 | 8,474.9 |
| XJO (ASX) Chart |