Investor Insights: 2021’s great rotation of value and growth sectors
Investor Insights: 2021’s great rotation of value and growth sectors
21 Apr 21, 11:00am (AEST). Aussie shares are slipping for a second day following similar declines in the United States, with the ASX 200 index down 0.8 per cent to 6,960.9. This is enough to drag the market back below the 13.5-month high hit on Monday. PREVIOUS REPORT
16 Apr 21. The Chinese economy (GDP) expanded by 0.6 per cent in the March quarter. GDP grew at a record 18.3 per cent annual rate in the March quarter from a year ago.
15 Apr 21. Employment rose by 70,700 in March after increasing by 88,700 jobs in February. Full-time jobs fell by 20,800 and part-time jobs rose by 91,500 positions. The number of people employed rose to a record high of 13.078 million.
20 Apr 21. Luxury vehicle sales now represent just over 12.5 per cent of total new vehicle sales – a record high. Porsche sales are at 3-year highs.
20 Apr 21. Consumer views on ‘current economic conditions’ lifted 2.0 per cent last week to a 20-month high of 8.2 points.
19 Apr 21. Last week the national average price of unleaded petrol fell by 1.6 cents a litre to 142.8 cents, according to the Australian Institute of Petroleum.
13 Apr 21. The NAB business confidence index fell from an 11-year high but the business conditions index lifted to a record high of +25.2 points in March.
7 Apr 21. Vehicle sales are bouncing back after Covid-driven supply shortages. SUVs and Utes are the wheels of choice, accounting for 8 of the top 10 vehicles sold.
16 Apr 21. In the coming week, minutes of the last Reserve Bank (RBA) Board meeting are issued. Preliminary retail trade data and purchasing managers’ indexes of services and factory activity dominate the data docket. LISTEN TO PODCAST
14 Apr 21. As the global economy transitions aftermath of the pandemic, investors have begun rebalancing their portfolios, driving one of the biggest market rotations.
1 Apr 21. The US Administration has revealed plans to spend US$2 trillion to revitalise the country’s ailing and neglected infrastructure over eight years.
20 Apr 21. Australia’s economy is booming, but this could lead to overconfidence and present a problem in the short-to-mid-term should the economic situation change.
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