The one risk to a Christmas Rally

Livewire Equities


The one risk to a Christmas Rally. Ben Griffiths, Portfolio Manager at Eley Griffiths Group, believes the short to medium term outlook for equities remains positive. Griffiths highlights the positive US corporate reporting season in setting an attractive international backdrop for the Australian market to want to go higher. He also says the recent pullback has not dissuaded his positive view on the market saying a buy the dips trend could continue moving forwards. If the volatility continues it will be a buy the dips mentality that will pay dividends. In the short term Griffiths points to the one driver that he believes could derail a Christmas rally. I think locally the risk to our market really is the currency. If the Australian dollar decides to leg down through 86 cents that will unnerve some of our international investors. And that will sweep our market lower. That's the main issue I can see that can derail an equity rally into Christmas. The full interview is here: (VIEW LINK)

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