Business
ASX to drop, Wall St slips ahead of debate – The Australian Financial Review
Australian shares are set to drop at the open amid cautious trading in Europe and New York. Oil fell sharply. The $A advanced.
“Our technical outlook remains unchanged heading into the fourth quarter viewing the weakness that began for the S&P 500 in September as part of a normal, albeit unpleasant, seasonal correction within the context of a four-year bull cycle,” Mr Sluymer said.
“From our perspective, the current pullback is not the end of the rebound but is setting the stage for another advance in the fourth quarter through year-end into the first quarter of 2021.”
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