Home >  Blog >  Now is not the time to try to time the markets

Now is not the time to try to time the markets

Posted on 3 March 2020
Now is not the time to try to time the markets

Now is not the time to try and time the markets    

After showing great resilience, and perhaps a degree of complacency, equity markets have fallen sharply in recent days. A relatively sudden surge of confirmation of corona virus outbreaks outside of China has been the main trigger for the correction. However, Apple's removal of previous earnings guidance and a deterioration in some leading economic indicators (such as the preliminary reading of the U.S. Purchasing Managers Index and the Baltic Dry Index) have also played a role in the share market sell-off.

At the time of writing (26th February), the Australian share market, as measured by the S&P ASX 200 Index, has fallen by 6.1% from its high of February 20th. This is similar to the 7.3% decline recorded by the U.S. S&P 500 Index over the same period. 

To read our full market update, click on this link

Tags: investments interest rates Bonds Coronavirus Share markets Global outlook Rhodes Docherty

No Obligation Consultation Today



Your Post-COVID Business Repair Kit

Sep 15 2020
With June 30 behind us and the economy slowly re-opening, most business owners are th...

Super changes add flexibility

Aug 12 2020
Just when you thought you had a grip on the superannuation rules, they change again. ...

JobKeeper and JobSeeker extended in COVID lifeline

Jul 29 2020
The JobKeeper Payment has been extended by a further six months to March 2021, target...
Suite 1.01, Level 1
828 Pacific Highway
Gordon NSW 2072
Locked Bag 1011
Gordon NSW 2072
Call Us: (02) 9988 4033
Fax: (02) 9449 4229
Rhodes Docherty | Chartered Accountants Gordon Sydney North Shore NSW