FNArena’s Weekly Insights – July 31 2023
In this week’s Weekly Insights:
-Awaiting The August Verdict
-Conviction Calls and Best Ideas
By Rudi Filapek-Vandyck, Editor
Awaiting The August Verdict
It’s by no means a perfect relationship, but earnings forecasts in Australia are tumbling in seldom witnessed fashion while key indices are threatening to set new highs for the year.
If investors are looking for a genuine reason to be worried, the gap that is opening up between these two might just be the appropriate concern.
But it is and remains a heavily polarised share market and thus general averages only tell half of the story, at best.
