One of the positive aspects of the recent market volatility is that domestic investors in Australia seem reasonably comfortable to buy the market, especially...

Marcus Padley

Marcus Today

One of the positive aspects of the recent market volatility is that domestic investors in Australia seem reasonably comfortable to buy the market, especially the big stocks like the banks which led the rise yesterday, but until this morning have been overwhelmed by international sellers. Evidence of the domestic buying is this chart of the ASX 200 intraday over the last 10 days which shows that after being marked down our market has rallied intraday almost every day. In other words domestic buyers are buying during the day after the market has been marked down. Of course the domestic buyers could easily lose the battle but let's hope we win the war. At least there are signs of it today.


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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