12 September 2018
Weekly Insights From The FNArena News Desk 10/09/18
This week’s Weekly Insights arrives in your inbox later than usual as I have been traveling to Wollongong, south of Sydney, where I present to the local chapter of the Australian Shareholders Association (ASA) on Tuesday morning.
After five months of uninterrupted gains for the Australian share market, momentum has quickly made a U-turn and posted eight consecutive down days leading into the ever treacherous September-October period.
You want a valid reason as to why? August had hardly finished a not overly exciting reporting season or strategists at Goldman Sachs, Citi and UBS, among others, came out with quite bearish assessments to their clientele, pointing out valuations are high, underlying momentum is debatable at best and there are plenty of challenges ahead.
Time for a gold old fashioned correction.
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