Finance & Fury Podcast

Welcome to Finance and Fury What a week last week was for markets – ASX lost value of just under 10% - All around news of the Coronavirus and speculation on Government responses – So Aus and international markets have dropped heavily – might be thinking that it is solely out of expectation that companies will lose money from the Virus outbreak. Well – the overall Market has tanked which companies most affected? - almost every one Medical companies dropped, banks dropped, A2 Milk – which has large sales to china went up over the week In the US - FANG stocks went down heavily – Google, FB, Amazon – down 14% - understand Amazon if cant ship goods – but why FB? If anything – people may be spending more time inside online What does this all say? Could the Selloff probably have less to do with the coronavirus than what is being reported on? – let's have a look at this further to see – or if it is just speculative selling/profit-taking – and if it is a good time to buy? Before we get into it – Nobody has asked t