Investment Matters

What matters this week: signs of a downward trend?

It's really been a boring start to the FY.  Both the S&P500 and All Ordinaries Index have struggled against the tide of slack profit growth but higher valuations.  

A sense that the Fed is on the cusp of raising US interest rates is becoming more real and the market is getting a little nervous.  Still, the Fed has been on the cusp of raising rates for many months.

Both SP and ASXIn terms of individual large cap stocks, this week has been quiet.  And down a little.  Only CBA, IAG, QBE, Westfield and Woolworths rose, and then only by not much.  The rest of the Twenty Leaders eased slightly.