Flashback to mid-February and Tesla’s share price was soaring into the stratosphere as they hit a new record high of $917. It was fair to say that Tesla’s share price was in the overvalued territory. The significant backing behind the automotive giant was proving analysts wrong time and time again.… Read more
Last week’s extreme volatility highlighted how the unpredictability surrounding the virus is not going away anytime soon. The ASX came out of the gates surging on Monday and Tuesday as the index soared by 10%. Some investors began to speculate on a possible recovery. Especially, as the ASX was up for the 10th day straight and investors thought Monday and Tuesday’s surge indicated future momentum.… Read more
COVID-19 is beating up the global markets. The gravitational pull behind the coronavirus is not a new phenomenon as some international indexes have plunged by 30% over the past month. The graph below crystallises the damaging effects of COVID-19 on the Tech industry. In turn, the coronavirus is forcing the digital economy to restructure itself.… Read more
In these unprecedented times, we are beginning to see a trend forming amongst investors in the international markets. Investor confidence is beginning to decay as Unemployment rates spike and companies begin to double down on liquidity solutions and slimming cost. Warren Buffett’s Berkshire Hathaway had reportedly sold $314 million USD of Delta Airways (NYSE: DAL) stock between the 1st and 2nd of April.… Read more
Even before the pandemic the retail industry was suffering from a recessionary decline. Physical stores were not catering to the changes in our shopping behaviour and the internet continued to make life difficult for your local Video Ezy – if you even had one.
The stock market is uncertain but what is certain is that no one can accurately predict the expiration date of the coronavirus. The current volatility is turning the market into a casino. However, many investors are turning the odds in their favour by creating coronavirus strategies.… Read more
Has the coronavirus got you thinking about investing? If not, maybe now is the time to get involved. Because without a doubt we are living in a ‘once in a decade investment opportunity’, most of us have more free time than ever and I’ve never seen the media talk this much about finance since the GFC.… Read more
A depression, really? Some of you might be thinking that the coronavirus could not possibly trigger a depression, considering we have not even entered a recession yet. While we would like to see the world through the lens of a positive economic outlook, we must consider other standpoints and keep a balanced approach.… Read more
You’re tired, you’ve just finished an exhausting day at work and all you want to do is relax. So, what do you do? You kick your feet up, switch on a screen, and this beautiful red symbol appears, allowing you to be amused by the world’s best entertainment all night long.… Read more
The coronavirus fear caused yet another horrific day for trading as the ASX plummeted by 4.2%. It is safe to say that the 11-year bull run following the GFC is now over. In turn, investors must take precautions as we experience an unpleasant bearish decline.… Read more
The Sydney Royal Easter show might have been shut down but the ASX rollercoaster continues to travel at full speed. The market suffered yet another blow today, dropping 5%. Consequently, any confidence behind Morrison’s stimulus package, the RBA rate cuts, or travel bans is now squashed.… Read more
Investors strapped themselves in for what appeared to be another downhill slide in the stock market. Especially, as the market experienced its worst day on Monday since the GFC, falling 7.3%. However, the ASX 200 rebounded from yesterday’s sell-off, climbing 6.46%. Amidst today’s recovery, our four big banks posted some impressive returns.… Read more
Boy wasn’t the ASX a bumpy ride this week. The market started strong with Monday and Tuesday showing signs of a recovery. However, the comeback was short-lived as Wednesday and Friday continued the bearish trend.
After closing 2.81% lower for the week it seems the Coronavirus fear is not going away anytime soon.… Read more
If you travelled to your local supermarket or flicked between news channels this week then you will know exactly what I am about to stay.
We are experiencing a toilet paper epidemic as the shelves are stripped bare. Supermarkets are scrambling to keep up with the demand.… Read more