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16 October 2020 | Insights

Q1 2020 | Review

 

While a pause in the rapid pace of the global recovery is one that should refresh and build a base for more sustained long term gains, Australian markets have already been consolidating for much of the past four months.

Markets initially built on the strong June quarter, as good progress on COVID-19 vaccines and reopening optimism continued through to the August reporting season, which was resilient and better than many feared. The All Ordinaries Index registered its best month in August since 2009, rising 3%. However, some exuberance in the Technology sector, rising global COVID-19 cases, US election uncertainty, and a pause in economic stimulus programs were all enough for a September swoon on global markets… Click here to read the full Q1 2020 Review.