Despite 2020 starting where 2019 had left off, world markets ended February substantially lower. The global MSCI all Country World Index (ACWI) was down 7.69 per cent, while the domestic S&P/ ASX 200 dropped 8.21 per cent.
Yet earlier this week, the Dow Jones had its largest ever points gain of 1294 points, or 5.1 per cent, among a number of highly volatile sessions.
We do live in unprecedented times. I know the saying is “beware those words”, but let’s recognise that after this week’s cuts, Australian official interest rates and US rates are at historic lows.
or Click below to Find out More