Dear %%first_name%%,
It’s earnings season in the US and that has been driving markets, but so too has the beginning of the end of QE – ie tapering. Our local market will continue to be driven by the US – and that direction is most likely to be down for the short-term.
But I’m not too worried, and I still think it’s the correction we have to have. I’m buying too. Check out my article below for why I’m not selling banks and our new column called Shortlisted to find out what I bought last week. Paul Rickard has Woolworths on his shortlist and Montgomery Investment’s David Buckland has his eye on CSL.
Also in the Switzer Super Report today, we have our January update for the Switzer Super Report portfolios and a new Jargon Buster where we explain some technical concepts that you might not be familar with, or perhaps just need a reminder about.
Barrie Dunstan looks at the growth of exchange-traded funds (ETFs) and James Dunn examines the impact of the proposed liquor law changes on listed companies like Woolworths and Coles.
We also report on the residential property market and in Buy, Sell, Hold – what the brokers say, AGL Energy and IAG get upgrades.
Also we are running a webinar on Friday with limited positions still available. Please contact us on subscriber@switzer.com.au if you would like to register.
Sincerely,
Peter Switzer