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1.Market Observations, 8.Was Sticky

1 Apr 2017 (AFR) – ASX enjoys sweet spot but it can’t last in the long term

(1 April 2017, AFR, p23, by Patrick Commins)

‘A little over a week ago the worst session for the ASX since the US election had investors wondering about whether the Trump trade was dead. Since then, the sharemarket has come back bigger and stronger. After hitting 5900 points in Friday’s trade – around two-year highs – there’s once again talk of the elusive 6000-point target for the top 200 index. Looming over the market’s prospects, however, is the shadow of just how far stocks have run, and how the most recent jump in prices has come amid an unsustainable aligning of the stars for the ASX.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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