FNArena’s Weekly Insights – April 25 2022

In this week’s Weekly Insights:

-Growing Risk Is The Message
-CSL: Back To $335, And Beyond
-Conviction Calls

By Rudi Filapek-Vandyck, Editor FNArena

Growing Risk Is The Message

It’s never easy to predict what exactly will spook financial markets, or when it might happen, but as the end of April approaches it looks like the US Fed’s messaging about an accelerated tightening process has finally been taken seriously.

And the same goes for the Chinese economy as Beijing’s zero covid-policy keeps important hubs in lockdown.

The Australian share market is one of the best performers around the globe in 2022, thanks to a large index exposure to commodity producers enjoying super cycle-alike conditions.

Up until last Friday, one could have sworn the ASX200 is firmly en route to setting a new all-time high, but the general mood has suddenly made a big switch.

Those who swear by seasonal patterns are about to eat their own words, I believe. Traditionally, April is among the most profitable months of most calendar years but I already had an inkling that strong rally in March has pulled forward the gains that otherwise were destined to be enjoyed in April.

Strap yourself in. It’s going to get hairy, yet again……

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