Business
ASX to edge up, Wall St pauses after records reset – The Australian Financial Review
Australian shares are set to open lower, as Wall Street investors opted to de-risk heading into the Thanksgiving break.
The spot price of benchmark crude rallied to near $US49 a barrel.
Tesla added another 3.4 per cent. In a note, Ned Davis Research said the pending inclusion of the company in the S&P 500 could have a dramatic impact:
“Tesla has more than quintupled on the year, and that if it had been included in the S&P 500 index for the entirety of 2020, consumer discretionarys YTD returns would have been over 50 per cent higher.”
NDR also said the risk for consumer discretionary in 2021 is that “the most overbought…
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