Today’s trading range of 24.1 points or 0.31% was the sixth ...
Today’s trading range of 24.1 points or 0.31% was the sixth smallest on record (in percentage terms).
That fact boggled my mind. As in: today was historically benign! 🤯
Is it the usual we can’t do anything good on a Friday for fear of impending major US economic data (note NFP’s are due tonight)?
Or is it we lack the necessary impetus to break through the record high of 7911?
Probably both, but evidence to support the latter is thus: 3 of the 10 smallest trading ranges on record for the S&P/ASX 200 in percentage terms have occurred in the last 11 trading sessions.
Mind officially boggled further! 🤯🤯 $S&P/ASX 200 (.XJO.AU)$ $CommBank (CBA.AU)$ $Westpac Banking Corp (WBC.AU)$
That fact boggled my mind. As in: today was historically benign! 🤯
Is it the usual we can’t do anything good on a Friday for fear of impending major US economic data (note NFP’s are due tonight)?
Or is it we lack the necessary impetus to break through the record high of 7911?
Probably both, but evidence to support the latter is thus: 3 of the 10 smallest trading ranges on record for the S&P/ASX 200 in percentage terms have occurred in the last 11 trading sessions.
Mind officially boggled further! 🤯🤯 $S&P/ASX 200 (.XJO.AU)$ $CommBank (CBA.AU)$ $Westpac Banking Corp (WBC.AU)$
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