Market wraps 20th August 2021

Weekly Wrap 20 August

Geopolitical tensions, local lockdowns, and global COVID-19 resurgences saw the volatility index hit its highest level in five months. As a result, the Aussie share market entered a short-term technical downtrend, however the long-term market uptrend remains intact. 

In this week’s wrap, Jessica covers: 

  • (0:10) Why Australia is set to see its worst economic growth rate in 19yrs
  • (1:40) How, despite a short-term technical downtrend, long-term growth remains intact
  • (3:20) Banks, Energy, and Materials all taking a dip
  • (3:43) NRW Holdings (ASX:NWH) rising 16% after reporting better than expected results
  • (5:00) The reporting season big picture - 80% of companies have beat/met expectations