Dear %%first_name%%,
Stocks have rallied for quite some time now, but the charts are telling us to expect a pullback. Meanwhile, there are signs that investors are rolling out of cash, term deposits and bonds into stocks. Today, I examine the rotation versus chartist argument.
Also in the Switzer Super Report, Tony Negline looks at the ATO’s dismantling of a controversial draft tax ruling. Paul Rickard shares his views on Westpac’s new $500 million hybrid issue. Plus, share downgrades outnumbered upgrades 2:1 and Lance Lai explores Illuka Resources in his chart of the week.
Sincerely,
Peter Switzer