Dear %%first_name%%,
The markets got an early Christmas present from the Reserve Bank of Australia today: an 25 basis point interest rate cut! That brings the benchmark cash rate down to 3.25% and it should provide a welcome boost to confidence heading into the holiday season. But can the markets sustain a rally into Christmas? I give you my thoughts in today’s note.
Also in the Switzer Super Report, Lance Lai believes a buying opportunity is about to emerge in US stocks, and that’s important for SMSFs to know given many don’t have enough invested in offshore markets, as Paul Rickard points out today. We also have our weekly broker wrap of buys, sells and holds. Have a great week!
Sincerely,
Peter Switzer
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