Weekly Wrap 20 August

20/08/2021 7 min
Weekly Wrap 20 August

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Episode Synopsis

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: (0:07) Why Australia is set to see its worst economic growth rate in 19yrs(1:37) How, despite a short-term technical downtrend, long-term growth remains intact(3:17) Banks, Energy, and Materials all taking a dip(3:40) NRW Holdings (ASX:NWH) rising 16% after reporting better than expected results(4:57) The reporting season big picture - 80% of companies have beat/met expectations