With US equities at all-time highs, what sector still concerns me in the ASX200? Overnight, the S&P500 traded at all-time highs

Nicholas Forsyth

Market Matters

With US equities at all-time highs, what sector still concerns me in the ASX200? Overnight, the S&P500 traded at all-time highs. In this fundamentally unloved bull-market, investors continue to be scarred by fresh-highs, however all-time-highs are perfectly normal in the stock market, having occurred 1,100 times since 1950. I believe investors should be more concerned about the great bond market bubble that is slowly evolving, plus there is the risk of default. I believe the rising interest rate issue has been pushed further back in time by Fed comments and weak European economic data recently. Amazingly at present, poor economic numbers are good-for-equities. Today I cover the IronOre space - I still could not consider buying. There's a disconnect between the Australian major IronOre stocks and the underlying price of the commodity. History tells us either the IronOre Price needs to rally, or the sector is due for a decent correction. See (VIEW LINK)


Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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