FNArena’s Weekly Insights – May 02 2022
In this week’s Weekly Insights:
-A Bear Market Anomaly That Confuses
-Australia; The Peak Is in!
-The World Is Changing
-June Index Changes
-Rudi Talks
By Rudi Filapek-Vandyck, Editor
A Bear Market Anomaly That Confuses
2022 is not your garden variety share market, but the weirdest anomaly surely must be in stockbrokers’ recommendations for individual ASX-listed companies.
As at the end of April, and with the ASX200 still within reach of its all-time high, total recommendations for the seven stockbrokers monitored daily by FNArena on 437 individual stocks comprise of 60% Buys (and equivalents) versus less than 35% in Hold/Neutral ratings and Sell ratings close to 5%.
What makes this set-up so unusual is that, historically, such a large percentage in Buy ratings, and respective low percentages for Hold and Sell recommendations, points to bear market conditions for the local share market…..
