Personally... I am a bear. I see recent moves as only a short term respite before another severe plunge.
Reasons:... The Fed [imo] is going to keep tightening, the trade war is not going away and we are at the beginning of a debt super-cycle...
That said.... I do think China will keep expanding, perhaps at a slower pace. Chinese demand for Oz commodities will remain strong... Also, there has been some speculation China might sign up to the TPP [which Trump took the US out of]... if that happens Australia will gain greater access to Chinese markets at the expense of the US, if the trade war is still raging.... things like agricultural products.
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XAO (ASX) Chart |