Morning Report Wednesday 16 December 2015
When will Australia get its "MOJO" back? Good morning everyone Overview For most Australian stock market investors much of 2015 has been like sailing into the wind. Simply compare some the ASX200 numbers with those of the US: 1. For the 2015 calendar year the S&P500 is down 0.4% while the ASX200 is down a very meaningful 9.3% - other markets like Germany, Japan and New Zealand are nicely in the black.
2. The S&P500 is only 4.3% below its all-time high while the ASX200 is a whopping 28.3% below its pre GFC high.
3. Since the aggressive August sell off the Dow has rallied over 14% from its lows while the ASX200 made fresh lows yesterday! - see charts 1a, 1b & 2.
4. Even yesterday the Dow was up over 100 points and after rallying ~40 points early in the morning the ASX200 closed down 0.4%.
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