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Last week we reported on the continued stretching for equity market valuations, but most particularly those in the large-cap U.S technology space.
Last week saw the two major equity indices, the S&P500 and NASDAQ reach all-time highs despite the continued absence of a renewed government support package for the near 20% of American workers impacted by COVID-19 through loss of employment or reduced ho
Last week saw reporting season kick off in a meaningful way, with results from Commonwealth Bank (CBA), Telstra (TLS), Woodside (WPL), Challenger (CGF), SEEK (SEK) and Downer (DOW) amongst those of interest.
And so we start the downward run towards the US Presidential Election, certainly the most significant catalyst for investment portfolios in the coming months.
Last week’s market was dominated by the extraordinarily strong results from major technology companies Apple (AAPL) and Amazon (AMZN) in particular, but also to a lesser extent, Facebook (FB). AAPL and AMZN both eclipsed analyst forecasts for revenues in