Murphy’s Law, retail and Wesfarmers

Chief Investment Officer and founder of Aitken Investment Management
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Key points

  • We could have seen the top end of the trading range for the ASX200 and the market may now consolidate.
  • The VERY LAST place to look for guidance for overall Australian retail sales is Myer.
  • Wesfarmers, owner of Coles and Bunnings, is the style of retailer you should listen to about retail sales.

 

It’s increasingly easy to get the feeling another bout of currency-led cross asset class volatility is about to erupt as professional investors position for year end.

The cross currents, in terms of economic data, commodity prices, currencies and relative global equity market performance, are strong, and when you have strong cross currents, you do get volatility.

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