Chanticleer
Why did the sharemarket run so hard in the first place?
There was a fragility about last week’s record high that made this sell-off inevitable. How long it lasts is the main game. It will be a tough week.
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Ask three different fund managers what’s causing Monday’s sell-off, and you get three slightly different answers. The problem is they can all be right.
Our first fund manager, a large cap Australian equities’ investor, said it was fears of a recession in the United States.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at [email protected]
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