Morning Report Thursday 26 February 2015
An update of where I see the market & five companies that reported yesterday
The ASX200, and world equities, continue to rally supported by interest rates at history making low levels. It’s extremely easy to find excuses to buy equities today, interestingly nothing has changed over the last 3 months apart from the ASX200 has rallied over 15%, this after the RBA sent a clear signal by cutting interest rates for the first time in 16 months. As you all know I am still positive equities over coming weeks/months but investors should remain open minded to changes in sentiment both ways, currently it’s all bullish but this can change quickly, but there are clearly no signs at present.
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