Will this ASX 200 correction turn into a major bear market?
Before a slight rally on Thursday, the S&P/ASX 200 Index (ASX: XJO) had sunk 4.7% from its 13 August peak.
So will this correction turn into a bear market, or is it just a stumble before shares rocket up again?
According to AMP Capital chief economist Dr Shane Oliver, it’s too early to declare that the pullback has finished.
“Some of the worries around US fiscal policy and politics, China, global supply constraints and central banks likely have further to run and could see the correction go further,” he wrote on an AMP Ltd (ASX: AMP) blog.
Many worries for share markets at the moment
Both the ASX 200 and overseas markets are facing multiple sources of anxiety.
The US government would have run out of money this week, but …
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