The small resources share price index is set to break an important barrier
John Robertson
PortfolioDirect
The small resources share price index is set to break an important barrier. The index is seasonally weak in June. There have only been six occasions in the last 20 years in which the index has realised a positive return in June. End of financial year portfolio adjustments would normally contribute to the seasonal weakness in the index. With only one more trading day to go, the index is 3.1% higher than its close at the end of May breaking a sequence of negative returns in each year since 2006. A positive June result, when it has happened in the past, has been a sign of unusually strong market conditions (e.g. 2003-05). A modest gain this month would be consistent with the late 1990s low volatility theme outlined in the PortfolioDirect investment report over the past several months.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment