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Monthly Archives: August 2019

//August
July Stock Market Wrap 2019

Protrader – July 2019 Market Wrap

XJO Up 165 All-time high achieved   With little negative news on the domestic front, Australia’s market initially consolidated, upon the stellar 6 months, that has seen the market gain 21% since Dec 24th, and then as July went on, creeped up to reach new all time highs, beating the previous high set Nov 1st 2007. The two underlying issues of interest, are that even though Australian equities are conceptually expensive with an avg P/E of 16.3, this level is actually justified, with $12.5