Andrew McAuley, Managing Director at Credit Suisse Private Banking Australia, breaks the market cycle down into four phases. Phase 1 is all about panic selling, phase 2 is the oversold bounce, phase 3 is assessing reality and phase 4 is the recovery. He believes that we are in the third phase and not far off from seeing indicators improve (albeit from a low base).

“We think as we get through June that will definitely be the rebasing phase, and as we progress from there we will get better news on the economy and better news on earnings globally.”

Here, Andrew expands on his views and discusses why Credit Suisse favours mining stocks, healthcare companies and global technology brands.

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