It's that time of year again where we look at markets and see where we are and what happened last Financial Year.
Of course, July means the peak of the summer in the U.S. Trading desks more sparsely populated, especially on a Friday afternoon, as the New York crowd escape the city for a weekend in the Hamptons. The summer months often come with lower volumes and a continuation of the status quo.
But what does this all mean for markets moving forward?
The biggest story this month has been the latest U.S. “debt ceiling” saga. I expect you realise this isn’t anything new. And it will happen again in a few years.
All investors need to have a modest understanding of these sorts of things, lest we get led astray by narratives that simply aren’t true. Find out what it means to you below...
What do we believe in the current market? Market cycles, Inflation, Quantitative Easing, Forward Price Earnings Multiples, or the unwinding of excesses. Or is it just the Chinese Curse; 'May you live in interesting times."
Things are heating up again within the Chinese economy. And not in a good way…
China is our largest trading partner and what goes on in their economy has an appreciable impact on us.
This may be the biggest thing you need to know about the Australian economy for the next decade.