Equities have experienced a little weakness recently but when we put things into perspective the pullbacks are barely a ripple on the pond i.e. the ASX200 has dipped -3.8% and US S&P500 just -1.9%. As is so often the case the press like to latch onto anything negative regularly blowing things out of proportion however in this case when we take everything into account further downside over the coming 1-2 weeks does feel a strong possibility, but this will be weakness to buy not sell.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM remains bullish equities and a buyer of weakness
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