Shorter than usual BULLETin today as I have come down with a rotten cold!
The overnight bounce back was basically a formality, and bounce back we did after the brutal start to September!
It seems the annual earnings growth for the Mag 7, still at impressive levels, is set for a long, painful convergence with the rest of the S&P500.
It makes you wonder if the Nasdaq jaws of death (Advance/Decline line vs the Nasdaq itself) are starting to finally close?
Source: Bloomberg
Watch this space.
Happy Tuesday!
Sign up for the Andika Bulletin
Find freedom. Create wealth. Build a better life with the Andika Bulletin and Confidential Daily.
No spam. Unsubscribe anytime.
This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.
This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.
This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).
Andy is the founder of ANDIKA Pty Ltd, a licensed securities & derivatives dealer. He's the author of fiction and non-fiction books and has been a University lecturer on risk and investment.
