In fact the ASX 200 returned a respectable 8.1% year to date, which is not far off the long term average. In fact, if we block out 2020 and some of 2021, you wouldn’t even notice the 30% sell off and recovery with the 5 year trend line returning to its trajectory.
The worst performers were Laybuy (off 84%) and Splitit (off 80%) with only Afterpay ending in positive territory (only just, and perhaps only thanks to the likely merger with US payments giant Square).
The team are big sports fans just like many Australians, so we were quite happy to get this prediction wrong. While covid-19 did indeed present many challenges, it is a testament to the tournament that the Games were able to be held. The Olympics have endured many disruptions such World Wars and political boycotts, and in years to come we will remember the 2020 Tokyo Games as the one with all the masks.
There we were few close to call on our predictions, but overall we were pleasantly pleased looking back at our predictions.
Next month, we will be making our predictions for 2022, watch this space!