Chanticleer
The sharemarket’s rise in the face of pandemic lockdowns might look odd, but the composition of the ASX is very different to the real economy, says AFIC’s boss.
Another day of ugly COVID-19 case numbers in NSW, another record high for the ASX 200.
The fund managers of Sydney and Melbourne are in hard lockdown, and as with most in these stricken cities, tracking delta has become more important than finding alpha or beta.
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Original URL: https://www.afr.com/chanticleer/why-this-market-veteran-believes-shares-won-t-be-locked-down-20210726-p58d43
