Pavan Sharma

ews of spiking covid-19 cases across the Southern US states and parts of the world including Beijing put a damper on the speed of the apparent economic recovery priced into the market.

Data released by the US Commerce Department showed retail sales jumped by a record +17.7% in May, blowing past the 8% increase analysts expected.

A new flood of liquidity in the form of fiscal and economic stimulus saw financials and the technology sector benefit the most, with all sectors trading higher.

In November 2019 the stock was at its peak at $5.45. Then, by mid-March it came down to $3.29 only retract back to $5.15 by May 18th. As of today, the chart shows support at $4.70 and we reiterate a BUY at $4.93. There is short-term resistance at $5.15 a

since our last chart on May 8th at $2.87 the stock has rallied higher to test the $3.45 mark and reversed back to now at $2.94 as the US market was pulled back by 5.5% on 11th June. The current price is a good entry for the investors who missed the opport

While global markets snapped back sharply last week on profit-taking, NZ and Australasian markets did not sell-off as hard. We continue to believe Australasia provides a relative safe-haven, primarily given how well both countries have controlled covid-19

There are growing risks in some Southern Republican stronghold states, which have moved early in terms of relaxing restrictions.