It was a slightly disappointing end to a fantastic week for Australian share market investors who have seen an impressive 3.5% of value added in one fell swoop.
It could have been even better if it wasn’t for a retreat on Thursday and Friday but with more than 8% still added so far in November, it doesn’t pay to quibble.
On Friday the retreat on the ASX 200 was just 0.2% to 6405.2 points after Wednesday saw the index approach a nine-month peak which takes us right back to before the COVID-19 pandemic suddenly caused a serious global market crunch. Read more…..
Chart of the Day
Ray Dalio, Bridgewater Associates founder, co-chair and co-chief investment officer, discusses his new book, “A Template for Understanding Big Debt Crises,” which looks back on the lessons learned from the financial crisis.