Between the Bells
Between the Bells
Bell Direct
Weekly Wrap 23 October
6 minutes Posted Oct 23, 2020 at 12:00 am.
In just one week the Aussie share market hit a seven-month high, whilst also hitting an eight-day low. It seems this pendulum of volatility is a reaction to the impending U.S. election in ten days. The technical viewpoint indicates there is upside to come.In this week’s wrap, Jessica covers:
Investors rotating out of defensive sectors and into cyclicals
Pro Medicus (ASX:PME) jumping 14%, while Megaport (ASX:MP1) sinks 9%
The pre-election cash build up: what you need to know
What the markets tell us about the U.S. election
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Show notes
In just one week the Aussie share market hit a seven-month high, whilst also hitting an eight-day low. It seems this pendulum of volatility is a reaction to the impending U.S. election in ten days. The technical viewpoint indicates there is upside to come.In this week’s wrap, Jessica covers:(1:05) Investors rotating out of defensive sectors and into cyclicals(1:19) Pro Medicus (ASX:PME) jumping 14%, while Megaport (ASX:MP1) sinks 9%(2:07) The pre-election cash build up: what you need to know(3:02) What the markets tell us about the U.S. election(5:05) Three trading ideas in IT, Education & Property