Weekly Wrap 23 October

23/10/2020 6 min
Weekly Wrap 23 October

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Episode Synopsis

In just one week the Aussie share market hit a seven-month high, whilst also hitting an eight-day low. It seems this pendulum of volatility is a reaction to the impending U.S. election in ten days. The technical viewpoint indicates there is upside to come.In this week’s wrap, Jessica covers:(1:05) Investors rotating out of defensive sectors and into cyclicals(1:19) Pro Medicus (ASX:PME) jumping 14%, while Megaport (ASX:MP1) sinks 9%(2:07) The pre-election cash build up: what you need to know(3:02) What the markets tell us about the U.S. election(5:05) Three trading ideas in IT, Education & Property