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Market wraps 16th October 2020

Weekly Wrap 16 October

The Aussie share market kicked up 1.8% (Mon-Thu) following better than expected economic news and government stimulus. With uncertainty around the world, the risks appear manageable given the momentum behind economic growth.

In this week’s wrap, Jessica covers:

  • (0:22) The Tech sector powering up 4% to a 20-year high
  • (0:50) Afterpay (ASX:APT) hitting an all-time high & getting upgraded after AUSTRAC clearance
  • (2:05) The ASX200 forming a Golden Cross bullish trend
  • (3:39) The RBA dropping its dire 10% unemployment rate forecast
  • (4:25) Momentum behind economic growth outpacing uncertainty
  • (5:09) Four trading ideas across Health Care, IT & Industrials