Business
Has the ASX 200 finally taken off? – Motley Fool Australia
The S&P/ASX 200 Index (XJO) is now at it’s highest levels since early March. Has the ASX 200 finally taken off, or is there trouble ahead?
The S&P/ASX 200 Index (ASX: XJO) is having a top day today. On the surface, the 0.88% gain the ASX 200 has so far added today (at the time of writing) doesn’t seem that special. But consider this: with this rise, the ASX 200 is sitting at 6,164.10 points, its highest level since early March. Between 23 March and 9 June, the index rose around 35% off of its low. But since then (over a period of 2 months), the ASX 200 has essentially been stuck in a rut around the 6,000 point mark.
Just take …
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