The Australian stock market had one of the strongest months on record with the ASX 200 producing a 4.9% gain for the month. Key highlight were companies reporting reduced profit growth which is indicating that we may start to see an economic slowdown. Banks stocks rallied after the Haynes enquire final report was handed down, with measures being levied against the Banks more generous than expected. With the economy slowing and house prices falling the expectation that interest rate will be cut is increasing. We expect that the market will be cautious moving into March with the 2019 Budget being the next big announcement.
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...
