As predicted a few weeks ago, the earnings growth perspective for listed companies in Australia is looking a bit fragile, short term

As predicted a few weeks ago, the earnings growth perspective for listed companies in Australia is looking a bit fragile, short term. Apart from a general reset at lower prices for producers of iron ore, the market is being hit with profit warnings from consumer spending related companies, as well as from mining services providers, traditional media and IT services. The latter sectors indicate it's not just consumers that remain reluctant to spend. The good news is these sectors are now well and truly priced for risk, as witnessed by the share price jump for Super Retail (SUL) last week - after a third profit warning in six months. All this also highlights the relative safety in stocks such as Flight Centre (FLT), Amcor (AMC) and CSL (CSL), otherwise known as All-Weather Performers, as well as the major banks, of course. My Weekly Insights (VIEW LINK)