Between the Bells
Between the Bells
Bell Direct
Weekly Wrap 16 October
6 minutes Posted Oct 16, 2020 at 2:00 am.
The Aussie share market kicked up 1.8% (Mon-Thu) following better than expected economic news and government stimulus. With uncertainty around the world, the risks appear manageable given the momentum behind economic growth.  In this week’s wrap, Jessica covers:
The Tech sector powering up 4% to a 20-year high
Afterpay (ASX:APT) hitting an all-time high & getting upgraded after AUSTRAC clearance
The ASX200 forming a Golden Cross bullish trend
The RBA dropping its dire 10% unemployment rate forecast
Momentum behind economic growth outpacing uncertainty
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The Aussie share market kicked up 1.8% (Mon-Thu) following better than expected economic news and government stimulus. With uncertainty around the world, the risks appear manageable given the momentum behind economic growth.  In this week’s wrap, Jessica covers:(0:22) The Tech sector powering up 4% to a 20-year high(0:50) Afterpay (ASX:APT) hitting an all-time high & getting upgraded after AUSTRAC clearance(2:05) The ASX200 forming a Golden Cross bullish trend(3:39) The RBA dropping its dire 10% unemployment rate forecast(4:25) Momentum behind economic growth outpacing uncertainty(5:09) Four trading ideas across Health Care, IT & Industrials