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Weekly Wrap 21 November
The ASX200 rebounded this week after Nvidia’s strong results eased fears of an AI-driven tech correction. Local wage data also helped steady sentiment, showing a cooler labour market without shifting rate expectations. Staples remain solid, while discretionary names are showing fresh momentum, prompting Bell Potter to rotate toward leaders like Woolworths (ASX:WOW), Endeavour (ASX:EDV), Bega Cheese (ASX:BGA) and Accent Group (ASX:AX1).
In this week’s wrap, Sophia covers:
- (0:10): what was behind the ASX’s slump
- (1:04): the impact of domestic economic data on the market trajectory
- (3:13): stocks Bell Potter’s analysts favour at the moment
- (4:09): how the local market performed this week
- (5:07): the most traded stocks and ETFs this week
- (5:36): economic news items to look out for next week.
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