If the recent market rally has taken you by surprise, you’re not alone.  Since hitting a low around 23 March, the S&P/ASX200 Index has rebounded almost 20 per cent, despite a steady flow of grim health and economic news coming out of Europe and the US.  So does that mean the market has bottomed? Continue…

by Tim Kelley Posted in Market commentary.

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That’s the question on many investors’ minds these days. And it’s certainly one that our team is starting to ponder as the prices of many high quality businesses become more reasonable. However, before we start investing significant amounts of our clients’ capital, there are four things we want to see. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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COVID-19 has thrown the investing rule book out the window for now. Having patiently held cash for two years amid an unwillingness to participate in the unbridled enthusiasm that saw shares trade at record multiples despite declining prospects, we are now finding once-in-a-decade opportunities. Continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.

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by Roger Montgomery's Team Posted in Old Content.

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To describe recent market volatility as high is to understate the facts.  Since the peak on February 19, the US market has registered the most rapid sell-off ever, its biggest three-day gain since the 1930s, the biggest one-day percentage gain since 1933 and the second ever largest one-day fall. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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by Roger Montgomery's Team Posted in Old Content.

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With so many companies now trading at cut-price valuations, many of our readers are asking whether it’s time to start buying again. Over the past six weeks many companies are down.  And some of them are very high quality indeed. A new reality exists, and one with the same opportunities as 1987. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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With the data and markets changing so quickly, we thought it best to simply give you the data and our interpretation in all its raw glory. We checked the US data this morning and the NY data is tracking worse than bad. Continue…

by Gary Rollo Posted in Market commentary.

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