The common mantra in the share market for those looking to profit is to buy low and sell high. While intellectually this seems reasonable, it is not as easy as many would have you believe.
The RBA held the cash rate at the historic low of 0.75% today, as Australians lose confidence in their household finances and the nation's economic outlook.
The Australian Exchange Traded Products (ETP) market is on a tear, with record net inflows of $1.62bn recorded in September. It caps off a 12-month period that saw the ETP market balloon 33% to almost $60bn.
A strong rebound in Sydney and Melbourne housing values wasn't enough to stave off a rate cut today, with the RBA slashing interest rates to a new record low.
The China trade war, Saudi oil crisis and low interest rates have all heightened global uncertainty. You would think this is a recipe for poor-performing markets, but the All Ordinaries Index and other world markets have continued to show resilience.
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