Stocks fully priced
It's been a big period for Aussie stocks, recording a third straight week of gains in adding another +1.48 per cent this week.
Aussie stocks are now just a couple of per cent from their historic highs of yesteryear.
The accumulated returns - including dividends - are plotted below (courtesy of @Scutty via Twitter):
Almost by definition buy and hold isn't going to do as much from today's levels, as market valuation are no longer cheap.
The US S&P 500 opened and closed at record highs yesterday as markets price for rate cuts in the US too.
It's time to look further afield if you want better than average returns.
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In other news major Aussie bank economists are now falling over each other to predict rate cuts in July and August.
And finally, if you've been short iron ore, look away now...
Have a great weekend!
