Month: January 2017
Yesterday’s large market decline was almost as surprising as the previous days strong rally but now we suddenly have the chart pattern that we have been looking for, so importantly what now?
Yesterday’s intra-day strength in the local market surprised many investors including ourselves . The simple explanation for the ASX to gain over 70-points by lunchtime is money flowing into equities, which we believe is for two primary reasons – importantly not perceived value in the market. The almost impossible task is gauging how much and how far the effect will be on stocks.
A relatively small report to kick off the first full working / trading week of 2017 as subscribers like ourselves warm up for a very exciting year ahead. Please keep the questions coming at the rate of 2016 so we can ensure complete clarity on our views / approach in 2017. Additionally, we’ll be making some slight changes to report formats over the coming weeks / months, and we’d welcome your feedback on this.
Market Matters Morning Report 4th January 2017
Really bullish, there's more to go in the reflation rally
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