FNArena’s Weekly Insights – July 24 2019
In the share market all that matters are corporate profits and growth, or so the mantra goes.
But sometimes the direction for the share market is guided by a number of other catalysts, relegating corporate earnings to merely a secondary role. See the past twelve months as Exhibit A in support of that statement.
In August last year, investors were fretting about high valuations for Quality and Growth stocks, while bruised value-oriented funds managers were speculating whether their moment under the sun was -finally- about to arrive.it results and (most likely) cautious guidance from Australian companies.