Is This the Start of the Santa Rally?
After a rough month that saw the ASX 200 drop 8% and local microcaps sink 15%, everyone’s hoping a Santa Rally is around the corner. As US rate cut hopes rise US stocks are edging towards a weekly buy signal. But in Australia, hot inflation has traders worrying we’re heading the other way. In this week’s Closing Bell, Charlie and I break down the diverging paths of the Nasdaq and ASX and where the real action is hiding. We look at fresh moves in copper and an oversold Bitcoin that could be ready to bounce, but we also explain why you might want to de-risk on the way up.
