Market wraps 13th March 2020
Weekly Wrap 13 March
A 20% fall from all-time highs puts the ASX back into a bearish hibernation. Given travel and tourism account for 15% of world GDP, it's no surprise that the COVID-19 pandemic is creating severe market dislocation.
The estimates however tell a different story; if corona can be contained, Australia may just avoid a technical recession.
In this week's wrap, Jessica covers:
No need to panic - markets will recover (0:40)
Citi's insights: attractive buys & ASX predictions (2:01)
Sector sale! Energy's batteries run flat (3:48)
A word from Buffett (5:38)