The bank rally will likely fade as reality unfolds. Bank earnings will continue to deteriorate as the real economy slows. Just look at motor vehicle sales, air travel, business confidence, retail sales, housing starts.
It seems a number of respected commentators have decided a bear market is upon us. Perhaps so, but for now, we're going to give the aged bull market the benefit of the doubt. We explain our reasons here, and outline 3 new stocks we have taken positions in: https://t.co/jK9yf75ZN9
Agree totally with Jemima Whyte. It is difficult to understand why Inghams (ING) is rallying given input price increases, senior management turnover, and a highly stretched balance sheet. Already a highly shorted stock, but that's irrelevant. Stock up 35% in 6 months.
Major buying of the AREIT sector over past weeks by a passive global REIT Fund. Passive funds have no regard for valuation, they have ramped up stocks with obvious fundamental issues, for example shopping centres and residential companies. We expect a correction in the sector