Mon 9th Jan

Greetings and Happy New Year

A strong start in equity markets both here and overseas over the last few weeks with the Dow approaching 20000

While the catalyst to this rally may have been the Trump election we have had good economic data out of both the US and China

Domestically we produced our first terms of trade surplus since 2014 with our reources sector benefiting from a sustantial increase in raw commodity pricing

Banks have rallied strongly based on better margins and more conservative bsuiness models

Let's hope for a positive year where risk and reward are properly valued

Tony

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

Manly Office
Suite 107, 37-39 The Corso
MANLY NSW 2095

P (02) 9977 8800
F (02) 9977 8811