Quite the week. The lack of a solid bounce last night after the "flash crash" should be worrying. CBA getting thumped locally. Yields also rising is no good for anyone, and the USD with the wind at its back is going to spell trouble for Asian markets. It should help US inflation though. Rough seas ahead as we sail into 2025, as there is too much leverage and speculation in the US markets IMO.
On a local note, EIQ finished with a flourish today, SHG finished on highs, OCC finished near highs which is also showing continued momentum and BRN is looking to me like a darkhorse for 2025 IMO. One deal with a big name and it goes parabolic.
