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Tuesday, 18 June 2019

ASX close to 12-year highs

Aussie stocks rally hard

Aussie stocks have continued a strong of late on all the talk of lower interest rates, taking the ASX 200 close to 12-year highs. 

The bank rally was a natural precursor to the housing market recovery, and perhaps the clearest signal came a few months ago with a broad-based rally in consumer discretionary stocks

Handy returns indeed for existing Aussie stock market investors and super fund balances.

To get better than average returns going forward it's likely that investors will need to go international to find more attractive valuations.

Stay tuned for an extended interview on this subject: I'll put it live in the next couple of weeks or so.