Mon 25 July 16

Quite a rally on markets over the last two weeks

A strong corrolation between our local market and our US and UK counterparts

Indeed the US equity markets have reached a new all time high while still holding interesr rates at 0.25%

Really shows how important sentiment is to short term momentum as really little positive economic data to justify this increase

One of the questions to be anwered now is the effect if any of the UK leaving Europe

While the pound has devalued the FTSE has a had quite a rally post BREXIT

Next week starts the commencement of our own earnings season

So far so good !

Virtue & Partners. Celebrating 25 years in the industry: 1990-2015.

Amalgamated Financial Services Pty Ltd T/A Virtue & Partners ABN 42 060 673 814 | AFSL 407238

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MANLY NSW 2095

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