Month: December 2018
It’s another ugly day for the ASX as trade tensions are driving investors away from risk assets with every sector on the market losing ground. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index crashed in late morning trade as the tentative trade war truce between the US and China looks to be on shaky ground following the […]
As you know. MM is short-term bullish the ASX200 while being overall concerned around what comes next in 2019 /2020. When we stand back and look at the ASX200 Accumulation Index (including dividends) the current pullback remains relatively small compared to what’s been experienced over the last decade, in other words investors should not be […]
Stock IOOF (ASX: IFL) $4.54 as at 07/12/2018 Event Wealth manager IOOF is the worst performing stock in the ASX200 today, falling 36% after the company announced APRA had begun proceedings against a number of the company’s executive team. IOOF has come under fire throughout the Royal Commission into financial services firms and a number […]
Stock Asaleo Care (ASX: AHY) $0.90 as at 06/12/2018 Event The personal care business Asaleo Care (ASX: AHY) has rallied over 40% today on news that they will be selling their Australian tissue business. The business, which includes Sorbent, and Handee paper towels will be sold to Solaris Paper for a handy (pardon the pun) $180m, […]
Really bullish, there's more to go in the reflation rally
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