Dear %%first_name%%,
We seem to have fixed the problem faced on Saturday with this Report. Hallelujah! Please accept our sincere apologies for you not receiving the Report last Saturday.
You may be aware that we recently teamed up with Percy Allen to launch Market Timing Australia. Percy, the former head of the NSW Treasury, has spent many years working on a methodology and discipline around “timing markets”. He says that a negative yield curve is the most reliable pointer to when a bull market in shares is over or nearing its end. Given what’s going on now, does this mean it’s time to leave the share market or at least lighten up on shares? Percy says you need to ask certain questions first, which he answers in his first article for this Report today.
We are just finishing a website for Market Timing Australia and will shortly have a special subscription offer for Switzer Report readers.
Tony Featherstone says he follows short-selling data for two reasons. One, to know which Australian companies are in the bears’ sights, understand why and test their view against the bullish case. Two, to identify positions that look wrong, knowing that good company news will force short-sellers to buy back the stock to cover an open short position, or close it out and book losses. With both sides of Federal politics promising billions of dollars of tax cuts and handouts, providing stimulus for certain retailers, he says short-sellers may have to rethink their position on retailers such as JB Hi-Fi.
And in Buy, Sell, Hold – What the Brokers Say, stockbrokers have downgraded four companies so far this week, while Senex Energy has been the only company upgraded.
Finally, in Questions of the Week, Paul Rickard answers readers queries about franking credits, the tax-free threshold for retirees and the Woolworths share buyback.
There is now less than three weeks until the first Switzer Investor Strategy Day. I’d like to invite you and a friend to attend free of charge, so click on the event you would like to attend below to claim your complimentary tickets:
Enjoy the read and talk to you Saturday!
Sincerely,
Peter Switzer