FNArena’s Weekly Insights – September 14 2020
In this week’s Weekly Insights:
-Plenty Of Clouds, Diverging Scenarios
-Conviction Calls
Plenty Of Clouds, Diverging Scenarios
By Rudi Filapek-Vandyck, Editor FNArena
According to at least one experienced technical market analyst, global equities, including in Australia, are now due for a consolidation period that potentially can last multiple months.
Such a prediction should hardly come as a surprise. The recovery off the late-March low has been swift, fast and strong – and those terms don’t really do justice to what actually has occurred up until late August.
As is always the case, a lot of attention has gone out to the apparent excesses along the way, with share prices in Apple and Tesla moving parabolically upwards on announcements of a stock split, while others have been doubling in price (or more) in what seemed like an awful short time to see it happening.
