Yes, a lot of good NZX companies are now well off their highs over the last few months.
Ignoring the likes of SPK, IFT, MFT etc most of the index is probably down about 20% already.... a healthy correction?
Assuming low interest rates in NZ remain to 2020 and beyond, it looks a little overcooked.
I really cant see another 60% drop from here - macro is uncertain, but geez its not that bad is it?
Might see interest rates in the US start heading back down again if growth slows.... too quick too soon?
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