• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Market Analysis ETFs

ASX Weekly Market Outlook and the Top Movers Last Week – January 11, 2021

Like 0

By Carl Wittkopp, Monday, 11 January 2021

The week been saw the All Ords [ASX:XAO] move up 173 points, being dragged along with the rest of the global markets on the back of Joe Biden being confirmed as the next president of the US, and progress of a COVID-19 vaccine...

The week been saw the All Ords [XAO] move up 173 points, being dragged along with the rest of the global markets on the back of Joe Biden being confirmed as the next president of the US, and progress of a COVID-19 vaccine.

ASX XAO Share Price - ASX All Ordinaries

Source: Optuma

ASX outlook for the week ahead

The coming week for the All Ords may be a sideways movement. Over the last five trading weeks the price consolidated between 6,787 and 7,000 points.

From the march low in 2020 the All Ords so far have had an incredible recovery.

Recently the recovery looks to have found resistance to a further move up.

If the price can break through the 7,000-point level, then it may go on to challenge the all-time high of 7,291 points.

Should the price fall back, then the level of 6,787 points may be enough to halt the fall.

A closer look at the ASX

The first week of 2021 saw a mixed bag of results in the All Ords.

ALS Ltd [ASX:ALQ] gained 9.05%. While BHP Group Ltd [ASX:BHP] and Bendigo and Adelaide Bank Ltd [ASX:BEN] moved up 9.99% and 4.72% respectively.

On the downside, The a2 Milk Company Ltd [ASX:A2M] fell back 4.45%, along with Altium Ltd [ASX:ALU] and EML Payments Ltd [ASX:EML] retracing 8.09% and 8.85% respectively.

Moving into the sectors, Energy moved up 7.83%, along with Financials and Consumer Discretionary moving up 3.46% and 2.18% respectively.

Falling back were Information Technology, declining 3.78%, and Real Estate, down 0.72%.

A broader look at the ASX

Back in February 2020 the All Ords sat at 7,241 points; an all-time high.

At the time there were concerns the market was overheated and due for a drop.

Australia’s cash rate sat at 0.75%. Housing prices were high and wage growth low.

COVID-19 appeared and shattered everything.

In the following months the All Ords along with most global markets recovered well.

Now in my opinion, people are starting to overreact and go a little crazy over shares.

Jesse Livermore once said: ‘Markets are never wrong — opinions often are’.

With the pandemic still raging around the globe, assets such as Bitcoin [BTC] are going berserk.

Sitting at US$37,701 at the time of writing.

Here at home Afterpay Ltd [ASX:APT] is trading at $112.74 at the time of writing, up over 1,300% from the march low.

On the surface it all looks fantastic, what seems to be forgotten are the phases of a bull and bear market.

In a bull market the usual phases are:

  • Renewing confidence
  • Improved earnings
  • Rampant speculation

In a bear market:

  • Abandonment of hope
  • Decreased earnings
  • Distressed selling

Right now, I feel it’s safe to say we are in the ‘rampant speculation’ phase of the market.

If so, it is only a matter of time before we move to the abandonment of hope and start the slide back.

Our publication Money Morning is a fantastic place to start on your investment journey. We talk about the big trends driving the most innovative stocks on the ASX. Learn all about it here.

Regards,

Carl Wittkopp,
For Money Morning

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Comments

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
Carl Wittkopp

Carl’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • The first place to look thanks to the US/China truce
    By Callum Newman

    My colleague Greg Canavan, a true contrarian, is positioning in a spread of energy companies to take advantage of the very investor disinterest and lack of supply growth I just described. We know, too, that one of Warren Buffett’s last moves was to load up on American energy. Personally, I prefer something more durable and permanent…

  • The trade war is over. Tax cut chaos is next.
    By Nick Hubble

    Trump isn’t just imposing tariffs. He also wants to cut taxes. If the tariff tantrum gave us a taste for how he’ll go negotiate, hold on tight!

  • The Untold Tariff Story
    By Callum Newman

    The real tariff story isn't what you're reading in the headlines. It's not about short-term market volatility or quarterly earnings impacts. The true story – and the massive investment opportunity – is about the fundamental restructuring of American manufacturing that's now underway. Trump's tariffs are accelerating AI adoption in American industry. Today, I want to show you the companies that are emerging as the backbone of this transformation.

Primary Sidebar

Latest Articles

  • The first place to look thanks to the US/China truce
  • The trade war is over. Tax cut chaos is next.
  • The Untold Tariff Story
  • The Big Payday: Chasing Profits in Risky Places
  • China’s plan to pop the AI bubble and sink Mag7 for good

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988