Last week I focused on the top 20 stocks in the S&P/ASX 200 Index, as many experts argued that these more solid companies in volatile times were well-placed to do well. And many of the companies I listed had a good week at the stock market ‘office’. Suncorp, for example was up 5.5% over the five days, while ANZ put on 3.4%.
Over the week we learnt that China was going long stimulation and a Trump trade deal looks closer and better than expected. And if the Fed is “patient” with interest rate rises and US companies keep reporting better than expected, we could see smaller companies get some real oomph from the more positive attitude towards stocks over 2019.
There is division amongst market experts, with some telling us to be ready for a retesting of the December lows, while others say to put your seatbelts on as stocks in the US head towards nosebleed levels!