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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

 

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Rhodes Docherty Financial Advisors Pty Ltd ABN 43 122 391 315 is an Authorised Representative of RDC Advisors Pty Ltd, Australian Financial Services Licensee No. 396268 (Ph. 02 9988 4033). Any advice contained in this website is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. You should seek advice from Rhodes Docherty Financial Advisors who can consider if the general advice is right for you.

 

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