Dear %%first_name%%,
Charlie Aitken is a good mate of mine and we’ve both been known as bulls for a very long time. Don’t worry, we’re not changing our stripes (or horns) any time soon, but today Charlie takes a step back and wonders if there might be a correction in store for the US market. Of course this means buying opportunities but you might need a little patience for the next few months.
And a correction in the US shouldn’t have much of an impact in Australia as we’ve already had one. In our Switzer Super Report Q&A, I sat down with AMP Capital Investors Shane Oliver to discuss the market outlook and he’s still betting on 6,000.
Also in the report today we’ve got a very interesting Fundie’s Favourite from Wingate Asset Management – a US company that’s full of gas, Praxair – and in Buy, Sell, Hold – what the brokers say, Harvey Norman and Wesfarmers got upgrades as earnings season kicked off.
In Questions of the Week we discuss the best online brokers for international trading, property versus shares, the merits of Metcash and the cheapest way to convert foreign exchange.
And don’t forget our webinar tomorrow on earnings season. We still have a few places left, so if you want to find out what all the company results released so far mean, and which companies have bright futures, register to hear Paul and myself discuss the major issues tomorrow. Send in any questions to subscriber@switzer.com.au and we promise we’ll get around to them.
Sincerely,
Peter Switzer