Dear %%first_name%%,
Happy New Year to all of you!
I hope it’s a great one for you, the economy and our stock market. The Aussie economy still seems to be in holiday mode and experience tells me that this won’t change much for a few weeks. With many of our regular contributors still on leave, our Report today is shorter than usual but still full of good information for you. In my article today, I ask and answer this question: are we looking at another buying opportunity with our stock market down 11.3% from its August 12 high of 6339.2 or is it time to run away?
Following from this, Paul Rickard reports that the Australian share market held firm in December to finish almost unchanged (down 0.37% for the month in price terms, or 0.12% after dividends are included). And our model portfolios followed suit.
Also in the Report, with most broker/analysts still on leave, we’ve updated any changes to Buy, Sell, Hold since our last Report on December 17.
While questioning whether the sell off is over or if it will spill over into 2019, here are the sectors that equities analyst Julia Lee from Bell Direct feels are likely to outperform and her 7 favourite stocks.
We’ll keep you updated about any other major changes this Thursday and also remind you about our first webinar for 2019 coming up in a few weeks’ time.
Sincerely,
Peter Switzer