First day of September wipes out August
September 1, 2020 Leave a comment
Below is a continuing chart I’ve been posting for a while to disprove the illusion that the Aussie equity market is NOT screaming to new highs.
For the past 3 months, the ASX 200 has been trading sideways and today’s headlines from the Australian Financial Review following todays close of business was…..
“ASX wipes out most of August gains in single session.
The S&P/ASX 200 dropped 1.8 per cent on the first day of September, falling back to where it traded on August 3”
It’s a bit sad that the first day of September’s trading erased the WHOLE month of August’s efforts.
In fact, the ASX 200 is trading back to where it was on June 3rd, 2020.
The age of the stock picker is back….
September 1, 2020
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 