OK, so I'm relatively new to the NZ market, investing in the NZX less than a year. It's still not clear to me how much we're driven by the US markets, but assuming there's a link (at least during Covid), should we not be calling this a Dead Cat Bounce and preparing for a re-test of the March lows? That's certainly on the cards for the US markets, especially if they've badly mis-timed their Covid 're-opening', which is likely. Will our market ignore another 20% drop in the US markets, or should we be battening down the hatches as well?