|Data for week commencing 4 June 2018|
At long last our market saw a rise for the week - the first in a month. However it was only a 0.9% gain (or nearly 55 points) but with the run of great economic data that surfaced, we should’ve moved a lot higher. However, the reality is that the Royal Commission is still acting as a drag and any new banking balls up or cases of bad behaviour are holding back what I think will be an inevitable rebound.
Everything from economic growth to job ads to record profits to solid trade and retail numbers all said profits will soon start to reflect this 3.1% growing economy. And once the Royal Commission is over, stocks prices should pick up some pace (look closely at the data in my “What I liked” section and tell me you can’t see an improving economy)!