The beauty about the share market, or the challenge depending on one's angle, is that nothing ever remains the same

The beauty about the share market, or the challenge depending on one's angle, is that nothing ever remains the same. This year investors in Australia are faced with a corporate reporting season for which profit growth is not by default the main ingredient. Many star performers are showing their ongoing quality this season, but nobody wants to hear about it because most portfolios already are heavily overweight. Others are showing good profits, but it's the outlook that remains uncertain. Cash on the sidelines looking to re-enter is snapping up stocks that fall from grace. Add geopolitical question marks. Other factors that overshadow short term profit reports are capital management, large capex programs (LNG in Queensland) and ongoing M&A activity. In summary, it seems but a strange case of Dr Jeckill and Mr Hyde, not anything like what investors have experienced in the years past. My Weekly Insights (VIEW LINK)


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