Business
ASX sags for second straight session; BHP, banks, Transurban dip – The Sydney Morning Herald
The ASX 200 was down 0.4% on Friday after a sharp selloff on Wall Street overnight, fuelled by spiking COVID-19 infections and the prospect of future lockdowns.
The pitches are rolling in at this year’s virtual Sohn Hearts and Minds Investment Conference, with US hedge fund supremo Bill Ackman kicking off the event by declaring 2021 as a year to “go long”.
Mr Ackman, who runs the $US11.5 billion Pershing Square fund, told the conference he expects a strong economic recovery in the US next year, fuelled by a policy status-quo that is likely to accompany a Joe Biden Presidency, as well as pent up consumer spending, low interest rates. and the promise of…
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