A lot of money is very sensitive to interest rate changes but also a lot of money has been put into the high growth technology sector, and the returns are not going to come to fruition in all investments.
More Quotes from Jamie Spiteri:
I think it is a rebound from yesterday. The moves in markets overseas, particularly the U.S., just assisted with some renewed confidence first thing this morning.Jamie Spiteri
The concern that has been around in the market of late is still there. The volatility was less given the fact Wall Street was steady overnight.
Jamie Spiteri
The big raw material-type stocks tend to get sold off because the demand picture is less certain.
Jamie Spiteri
Origin has struggled to outperform the sector in comparison to some of the other energy stocks.
Jamie Spiteri
You have News Corp. weaker, you have the banking sector basically steady but with Australia New Zealand Banking Group pulling back after some strong gains in recent weeks ... outside of that the market is just steady,
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