Aussie market weaker in May

Paul-Rickard-headshot2
Co-founder of the Switzer Super Report
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Weaker than expected bank half year profit results, a new bank levy, falling iron ore prices, the Amazon scare and concerns about consumer spending impacted the Australian share market in May. Going against the global trend, the local market lost ground, falling by 2.8%. The top 20 stocks were even more impacted, losing 4.8%. While both our model portfolios followed the market down in the month, they are still up by 2% in calendar 2017.

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