The Australian Market had a positive month in April, with a gain of 1.9%. Moving into May we are cautious due to the election and the uncertainty as to who will get in. Short term we expect that the market may pull back not just on the election but also as investors look to take some profits from recent highs. We continue to watch the banks which are currently looking undervalued, however, with tightening on the lending practices and the ALPs franking policy we may see investors look to diversify.
The pay later budget!
The 2024 budget when viewed over the coming 12 months period is a positive budget, however, longer term it is setting up the economy for tough times. My review of the budget is focused on the impact it may have on the economy over the longer term. Let review the...
