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.
Market Update
Interest Rates There is a lot of fuss around interest rates. Over the past six months all we have heard in the news is RBA, Inflation, Interest rates and Consumer Price Index (CPI). For most Australians, we understand that the economy is not doing well. For those who...
