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The most crazy ASX chart of 2020

The most crazy ASX chart of 2020 Regan Pearson | December 21, 2020 1:34pm | More on: Image source: Getty Images If there is one chart that shows just how crazy it was to be an investor in 2020 it is the one below; the The data can be back-dated further, which you can have a look at on the S&P Global website here, but it only officially started to track ASX technology-oriented companies in earnest this year. Source: Google search. Google and the Google logo are registered trademarks of Google LLC, used with permission. The index is designed to be a comprehensive measure of technology-oriented companies listed on the ASX, but its top five constituents have dominated with absolute blinding returns in 2020:

December resource rally could herald new super cycle

December resource rally could herald new super cycle Save Share A surge in commodity prices has the local materials sector on track for its best December on record as investors contemplate the beginning of a potential commodities super-cycle, and the broader market rules off its longest winning streak in four years. The Australian sharemarket is heading into Christmas trading near a 10-month high, led by the major iron ore miners, as investors tip the global economic recovery will mean commodities will be in high demand. The S&P/ASX 200 Index fell 81.2 points, or 1.2 per cent, to 6675.5 on Friday, but still capped off a seven-week winning streak for the first time since May 2016.

Testing times for tech stocks as cyclicals race ahead

Testing times for tech stocks as cyclicals race ahead Share A savage appraisal of Appen s outlook following a nightmare on Wall Street for tech s megacaps dealt the local technology sector another blow on Thursday as investor interest drifted to cyclical and value stocks. The technology sector was easily the worst performer on the Australian sharemarket after the Nasdaq 100 sank 2.2 per cent, recording its biggest drop in more than a month. David Allingham of Eley Griffiths.   Ben Rushton The S&P/All Technology Index fell 59.2 points, or 2.1 per cent, and the S&P/ASX 200 Index dropped 45.4 points, or 0.7 per cent, to 6683.1.

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