Market Close 12 Aug 24: A positive start to the week

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The Aussie market recouped more of last weeks losses, lifting for the second straight session. Ahead tomorrow, Aussie reporting season continues to ramp up and quarterly wage data will be in the spotlight.


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FYI for those who are confused:

1. Continued improvement isn’t a 6% decline and a bounce (this is standard market psychology but does not indicate a healthy market, it happens everytime there is a drop).

2. Higher trading share price as a result of JBHIFI not returning earnings ‘as low as people were expecting’ (a substantial loss still) does not indicate a healthy market. Complete opposite.

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