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Market wraps 23rd October 2020

Weekly Wrap 23 October

In just one week the Aussie share market hit a seven-month high, whilst also hitting an eight-day low. It seems this pendulum of volatility is a reaction to the impending U.S. election in ten days. The technical viewpoint indicates there is upside to come.

In this week’s wrap, Jessica covers:

  • (1:05) Investors rotating out of defensive sectors and into cyclicals
  • (1:19) Pro Medicus (ASX:PME) jumping 14%, while Megaport (ASX:MP1) sinks 9%
  • (2:07) The pre-election cash build up: what you need to know
  • (3:02) What the markets tell us about the U.S. election
  • (5:05) Three trading ideas in IT, Education & Property