With the surprise election result we have seen the market rally. We started May around 6360 points falling down to 6220 or 2.2% as we headed to the polls. With the LNP getting the win the market rallied back some 300 points or 4.8% over the following week, breaking the market high since the start of the GFC. At present the market is sitting around 6560 and starting to look like it may get above 6800 being the high prior to the GFC. We are always cautious of investors taking some short term profit (we are guilty oft his) but expect that longer term we will see the market continue to move up.
Time to adjust your portfolio.
The easiest way to make money is to not lose it. This August reporting season is shaping up to be a negative earnings year. At this point we are expecting the earnings per share will be down 3.5%, noting that the 2023 year was also down 2.9% as well. Two consecutive...
