Dear %%first_name%%,
We saw good news yesterday with the consumer price index rising in the June quarter, defying doomsday merchants. So will the RBA cut next week? I don’t think we need it, but one more cut would help the stock market as low interest rates make dividend-paying stocks more attractive. See my Switzer Daily article.
In today’s Switzer Super Report, with fund managers holding the highest level of cash in nearly 15 years, Charlie Aitken looks at whether they will be rotating out of defensives into cyclicals.
Plus, a recent report showed fewer than half of Australia’s adults will own a home next year. Tony Featherstone searches for opportunities from this news and analyses six stocks. And Tony Negline answers a reader question about individual trustees and corporate trustees.
In Buy, Sell, Hold – what the brokers say, TouchCorp was upgraded while Woolworths was downgraded. And in Questions of the Week, we answer reader queries about Average PEs and pensions.
Sincerely,
Peter Switzer