Dear %%first_name%%,

I’ve been warning for quite some time that this rally will be tested and with concerns about Europe and China, we’re seeing this come true. The retail sector has been hit hard as a result, but have they bottomed? And are they good value? I focus on this in today’s note.

Also in the Switzer Super Report, Rudi Filapek-Vandyck turns to the history of bull and bear markets to find out where the current rally is running. Plus, Paul Rickard takes a look at ASIC’s comments about hybrid securities and casts his eye over two new issues. And finally, are super fund with no contributions caps possible? Tony Negline answers this question, and more.



Sincerely,

Peter Switzer

Monday is a public holiday in NSW, ACT and SA. If you’re in these states, I hope you get a chance to put your feet up and relax. We'll be taking a little break too, so you’ll receive your next edition of the Switzer Super Report when business resumes for us on Tuesday.