31 May 2021
Market Metrics: S&P/ASX200
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It is official, the S&P/ASX200 index has finally moved above the 7,162 point high it reached on the 20th February 2020 and just before the 37% crash in financial asset prices in March 2020.
It has only taken 14 months but Friday, 28th May 2021 close at 7,179 set a new record all time high.
Click for chart.
Now we wait to see how high we go before we walk into the next financial catastrophe which will be either months or years away.
As Benjamin Graham taught, remain invested according to your appetite for volatility when fear and panic take hold, then react by buying more quality assets at discounted prices.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.