Morning Report Monday 31 August 2015
We all know that last week brought extreme volatility to the markets but not necessarily total panic. This is evidenced by the fact that investors did not flock to gold as one might normally expect and treasury yields closed higher than the previous week. Hence, we feel most experienced investors, like ourselves, simply saw last week as a great buying opportunity of discounted equities. For example, the S&P500 illustrated on chart 1 hardly took a back step in its advance since late 2011
Thus, with this much complacency a second assault at recent panic lows would not surprise and a secondary shopping list should be considered.
So, we are deliberately focussed on strong solid stocks that performed well last week. In this regard there are:
Show more...