Right now we have a number of issues which affect not just our market but World markets. At this point the market looks to be heading to all new highs but we need to put this in perspective. Our market topped in 2007 at 6850 points, in July 2019 the ASX hit this level again. We continue to see momentum in the market with many tipping the market hitting 7000 points soon, which is an increase of 4%. How high it might go and how long it will stay at these levels is easier to determine after the fact. Although the market is expected to go higher in the short term we have concerns about the longer time frame which could see a pullback; possibly back to 6000 points.
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...
