Morning Report Friday 5 June 2015
Please note the Weekend Report will be written on Monday to avoid becoming out of date as we have a long weekend locally.
When we stand back and look at how the Australian stock market has performed over recent times, it’s not pretty reading. Basically whatever timeframe we look at, its been a hard slog since the GFC (back in 2007-2009). This obviously makes sense with the collapse of our commodity stocks e.g. BHP – 39.7%, RIO -36.3%, and Woodside (WPL) -30.8% since 2011 highs, but the recent collapse of our banking sector (falling over 17%) since March, has certainly caught the average retail investor who have been heavily exposed to banks for yield:
1. The ASX200 -4.7% this week, +1.7% in 2015 and +76% since GFC lows.2. The Canadian Composite unchanged this week, +2.6% in 2015 and +101% since GFC lows.3. The American S&P500 -0.5% this week, +1.8% in 2015 and +214% since GFC lows.4. The Chinese Share market +7.35% this week, +52.9% in 2015 and +172% since GFC lows.5. The German DAX -0.6% this week, +15.7% in 2015 and +216% since GFC lows.
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