The selloff in lithium stocks has returned once again, with the likes of Pilbara (ASX: PLS) and Liontown (ASX: LTR) pushing the commodities sector to a 1.5 per cent loss. Along with the energy sector which fell 2.1 per cent is now officially in a bear market, these were the only two sectors to post…
In a recent blog post, Joseph Koh, portfolio manager of the Schroder’s Australian Equities Long-Short strategy, compared the current market environment to the Four Horsemen of the apocalypse.
As submissions were released this week, they were accompanied with commentary from several industry leaders about the massive burden and challenges being place on advisers via overly prescriptive and punitive legislation.
The positive sentiment couldn’t be maintained on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per cent loss. Energy and utilities remain in focus, gaining 1.5 and 2.1 per cent with NZ energy provider Mercury (ASX: MCY) and fuel refiner Ampol (ASX: ALD) gaining 4…
The local market open on an unexpectedly positive tone but ultimately finished 0.6 per cent lower as commodity and energy prices fell across the board. The selloff in energy and materials finished at 5.1 and 4.6 per cent respectively, amid growing concerns about the outlook for the global economy. Uranium miner Paladin (ASX: PDN) was…
June 10 was the closing date of what may well become the most important review of the financial advice industry in its short history
. The confluence of events, which has seen the traditional negative correlation between long duration bonds and equities quickly turn positive, has had a significant impact on investment returns.
The peak body for those advising self-managed super funds, the SMSF Association, has called for a higher education requirement for the sector.
The local market capped its worst week since March 2020 falling 1.8 per cent on Friday and dragging the S&P/ASX200 down 6.6 per cent for the week. This followed a 4.2 per cent drop in the prior week which now has the index nearing a bear market. Comments from the RBA Governor this week heightened…
Australian shares were as much as 1.1 per cent higher during Thursday’s session following the Federal Reserve decision to hike interest rates by 0.75 per cent, but ultimately finished 0.1 per cent lower. The major detractors were the consumer staples and utilities sectors, falling 1 and 1.6 per cent with the latter hit by the…
