Dear %%first_name%%,
It was almost like a dead cat bounce, but in reverse. Our very healthy cat – the Dow Jones – dived this week in the US when investors got spooked, and sold off. But our feline friend, aka the market, was very much alive again and shot back up, when investors realised they had over-reacted.
Like I’ve said all along, we’re going to be seeing a bit of this in the weeks and months ahead, so use it as an opportunity to buy. Today in the Switzer Super Report, we have buying ideas from James Dunn in the consumer discretionary space. The sector, for the most, had a good 12 months, but there’s still life in it yet, with the likes of Oroton and Nick Scali.
Also today, we have Jelena Stevanovic from Platypus Asset Management talking about REA Group in Fundie’s Favourite, Ron Bewley prefers industrials to the non-mining part of the materials sector and in Buy, Sell, Hold – what the brokers say, Navitas and Suncorp get upgrades.
We go global in Short ‘n’ Sweet this week, and Tony Negline examines when a kitchen renovation is a super contribution for your SMSF. In Questions of the Week, Paul Rickard dares not compare himself to Warren Buffet, but does dare to provide some advice on Orora and Fortescue.
Sincerely,
Peter Switzer