General
Record-breaking market frenzy will come to an ‘abrupt halt’, experts warn
Exactly one year ago, Sue Park decided it was a great time to buy shares for the first time ever.
Key points:
- Interest rate hikes and COVID mutations are risks that might de-rail the market rebound
- Tech stocks are expected to fall sharply when interest rates are lifted
- The ASX went into its shortest-ever bear market in 2020
That was despite the world facing its worst health crisis in more than 100 years.
It was also when the Australian market had suffered its worst trading day since the 1987 crash.
Basically, a flood of panicked investors hit the “sell” button at the same time on March 16, 2020.
They finally decided that COVID-19 was a serious problem that wouldn’t “disappear” any time soon (despite US President Donald Trump’s insistence at the…
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