Market Matters Weekend Report

Nicholas Forsyth

Market Matters

Last week the ASX200 gained +0.3% while the Dow fell -1.3%, which was a continuation of the outperformance by the local market during April. The ASX200 +3.3% & the S&P500 +0.25%. Locally we enjoyed a huge short covering rally in the resources and energy sectors plus decent gains from the heavyweight banking sector. It's not surprising that the AX200 is finally showing signs of life after a decade of underperformance, plus we are seeing downgrades to earnings in the US and slight upgrades here, we all know which market has ran the strongest over the last decade - since the GFC low the ASX200 is +68% and the S&P500 +210%. Remember two of our major forecasts for 2016 - the $US to fall and the ASX200 to outperform US equities, the $US is -5.6% to date but so far US equities are still slightly ahead of our local stocks. (VIEW LINK)


Nicholas Forsyth
Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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