Investment Matters

The markets

The Australian share-market had a shocker of a week, down over 2.5%.  The downturn was blamed on fear of the UK leaving the European Union.  But, as noted in our sister publication Wry & Dry, the market had become very over-valued, and was looking for a reason, any reason, to correct.

The US market also fell, but not as much, down about 1.8%.  But the reasons are the same - an over valued market looking for a reason to correct.

This week (All Ordinaries Index)

markets this week

FYTD (All Ordinaries Accumulation Index)

For the FYTD, it's looking a lot like a flat year.  The strong run since the end of February has come to a shattering halt.

FYTD 17 Jun