Calm restored to the ASX 200

The S&P/ASX 200 Index (ASX: XJO) enjoyed a week of relative calm after the volatility experienced in recent weeks. All five trading days last week saw movements below 1%. And four out of the five days saw positive or flat movements of the ASX 200.

Primary support behind these market moves came from both dovish comments from the Reserve Bank of Australia (RBA), as well as the federal government’s new tourism support package. The latter naturally saw shares of travel exposed companies rise strongly.

Corporate Travel Management Ltd (ASX: CTD) was the biggest beneficiary (more on that later), but the sentiment was overwhelmingly positive across most companies that were hardest hit by last year’s travel restrictions and…