Author: james Carter
The ASX 200 closed 26 points, led by the resource sector with BHP -57c & RIO -49c.
The Dow is off 99 points overnight after being up 91 points the day before. People keep asking me ” where is this the market going ?”. My answer remains boringly the same “ I believe it’s a mature bull market, that will be choppy but is going higher”. Markets are like a jigsaw puzzle, but when you have all the pieces, it’s history. The sooner you can predict the picture / outcome with a few pieces of the puzzle the better your position and the further ahead of the pack you can be.
Fund Managers have enjoyed equity strength recently, so how can we capitalise on their gains?
The ASX 200 was surprisingly strong today, closing 40 points higher with an apparent inflow of money via the futures market.
The release of poor economic data continues flowing out of China, pointing to a slowdown in GDP growth and a potential failure to meet 2014 government growth targets.
The ASX 200 yet again saw value buyers enter the market after lunch with the intra-day low bouncing to a close of just -9pts. The rally was led by resource names with BHP closing +18c, FMG +8c & RIO +88c.
Banks share prices have a negative correlation to rising interest rates, but insurance company’s earnings benefit from rising rates.
The ASX 200 ignored offshore weakness on Friday night, recovering from intraday lows of -36pts to close up a modest +8pts.
This is without doubt the question I get asked the most frequently on a daily, weekly, monthly monthly basis. There is a whole industry of scare mongering investors with doom and gloom newsletters. For some reason, people want to read about an impending crash much more than markets being solid and appreciating in the order of 10% over the coming 12 months.Please see our Market Matters video update – Doom & Gloom
The ASX 200 followed overnight leads from the US, closing +44 points higher with OTH the banking and mining sectors posting gains. CBA finished the day +69c, NAB +26c, BHP +38c & RIO +57c.
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
