Month: June 2014
Are Central Banks losing the intervention battle? Retailers suffer.
The ASX200 sold off 50 points intraday for the 3rd day running and suddenly we are over 100 points below 20-14 highs and the US markets are at 2014 highs..
The ECB moves to negative rates and Online sellers get hammered
People are enjoying one of the best bull market advances in many decades from the Australian banks, with CBA up over 340% since GFC lows in 2009, without taking into account excellent dividends. However, anybody that has had a reasonable time in the market will tell you that “good things don’t last forever”. The complacency of the average Australian retail investor holding banks simply scares me. After participating in the majority of this bull market move, I now believe the sector will experience increased volatility and likely underperformance. Let’s look at the facts in very simple terms.
As anticipated, we are currently witnessing a retracement in the market with selling accelerated later in the session. The ASX200 closed down – 37 points despite other regional indices currently trading higher.
The ASX200 ran its own race today, being sold off across the board closing -39 points despite the Australian current account balance beating expectations and positive leads from Hong Kong and Tokyo.
Building Approvals for April was down -5.6%, falling the most in ten months. Is this a concern?
Following up from to last week’s note – “Could Origin Energy (ORG) become the next Telstra (TLS)?”
It’s currently all about dividends in Australia, how about the US?
Really bullish, there's more to go in the reflation rally
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