We've found ourselves doing a lot of reflecting on things. Where have we been? Where are we heading? How do our core investment theories stack up based on what’s occurring and historical precedents? Every now and then, markets find themselves in an “abnormal” state. Then came Covid. So, where do we find ourselves right now? Are we at the bottom and should we be buying the dip?
It has been a rough month and the markets have worked themselves into somewhat of an “oversold” state – as we’ve discussed in recent months, fierce “clearing rallies” are a standard feature of this market environment.
August was an eventful month and many commentators have been tempted to say the bull market is back on. A slight pull-back in US inflation and a relief rally give us comments like, 'investors aren't considering' or 'investors don't seem to realise' take centre stage. So are investors overlooking things, or are they well informed?
Happy new year everyone… I think most investors will be pleased to see the end of 2022...
It wasn’t a year to be a hero – capital preservation was the priority. It might well be the key this year also – whilst volatility presents opportunities, it’s still no time to be a hero.
2022 goes down in history as one of the worst ever. You might find this confusing – equity markets didn’t have a “terrible” year, especially Aussie shares. But for the global bond markets, it was a year with few precedents.