Author: james Carter
**RBNZ increased their cash rate this morning by 0.25% to 3.25%, its third increase since March this year**
The ASX 200 continued recent weakness today, closing down -25 points. Investors appeared to be taking money off the table across the board with both the heavyweight banks and resources trading lower. BHP closed -0.6% at $35.71 and NAB -0.9% at $33.33.
The loss of over $5bn in Franking credits, should it scare investors?
The ASX 200 sold off from the opening bell, closing -16 points lower in a very quiet session.
** Reject Shop (TRS) & Pacific Brands (PBG) downgrades their profit guidance this morning – More negativity for the Retail Sector!**
The ASX 200 had a quiet session after a long weekend, closing +6 points higher after selling off from gains of up to +32 points earlier in the session, closing at 5469.
Are Central Banks losing the intervention battle? Retailers suffer.
The ECB moves to negative rates and Online sellers get hammered
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..
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.
Really bullish, there's more to go in the reflation rally
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