Market Update 27/05
And so, the quick recovery from the beginning of the year has almost full retraced. The sectors (resources and services) are the two holding the market. Earnings for 1Q19 were average..again..and politics is still the same basketcase. I still hold out for 2 scenarios 1) weak coalition government with a ridiculous amount of infighting leading to => 2) Another coup.
As a friend mentioned to me the other day “Why is it so hard to understand that the police and the army are supposed to keep the peace and to let a civilian government rule?”