...Meanwhile in the background, hidden from investors' attention which seems focused on bank levies, Trump controversies, central bank intentions and yet another terrorist act in the UK, stockbrokers in Australia have turned May 2017 into a month of downgrades. The first three weeks generated no less than 70 downgrades versus 16 upgrades, and banks, health insurers, High PE stocks and profit warners; they are all included. Is it any surprise the index lost 200 points during the process and is clearly struggling to find any traction? For a closer look into the many downgrades, and the few upgrades, here's my Weekly Insights: (VIEW LINK)
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