Wry & Dry #34-25 A story of woe. By one seat. No Marshall Plan.
After a two-week Easter/ ANZAC break, Wry & Dry returns with a bumper issue. Well, a poke-me-in-the-eye-with-a-burnt-stick issue.
Each of Albo and Top Gun Pete gave election campaigning exemplars of monumental incompetence, visionlessness and cowardice.
The only saving grace of the past five weeks was the otherwise unwelcome but impossible to ignore Trumpster distraction.
Liberation Day and Bank Portfolio update
It’s been arguably the most volatile week for investments since the depths of the GFC. But I’ll let others provide the details for market records that have been broken.
Yesterday’s big rebound in the ASX was due to a reduction in ‘uncertainty’. Markets will always fall sharply in times of considerable uncertainty. Recall that the ASX fell over 30% at the start of Covid. Before that, during the GFC, it fell by over 50%.
Read as Craig continues to cover the market outlook after Trump’s announcement on Wednesday ( New York Time) and outlines potential impacts on your portfolio.
Plus, we followed up on last week’s, not about clients’ holding in Challenger Limited.