IT was the hottest sector on the ASX in recent years, rising 195% from March 2020 to February 2021. This year, however, is a different story.
market wrap
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There is an old saying that if all you have is a hammer then everything looks like a nail, which is appropriate as the RBA attempts to adjust the economy.
Retail spending is up 12% on this time last year, but can it last? And what does it mean for the ASX? Here's our market wrap.
The prospect of a recession is creating a dark cloud over Australian households, so what have we learnt from previous economic downturns?
Retail sales are up for the fifth consecutive month, but is it enough for another cash rate rise when the RBA meets next week?
The Australian stock market has continued to fall this week and is currently down more than 5%, with further falls looking likely.
With uncertain times ahead after two interest rate hikes in as many months, we look back at the last time the country saw consecutive cash rate increases.
By mid-May, the Australian tech sector had effectively fallen back to pre-COVID levels and taken with it the hopes of many investors.
Shares in Appen soared this week before it entered a trading halt after receiving a takeover offer from Telus International. So what if you own Appen shares?
Since Bitcoin made an all-time high of $69,375 in October last year, it has fallen nearly 60% in price and is looking like it is on its way down to $20,000 or below.
