Daily Market Report (16 July 2019)
- The impending results season in the US may be a crucial one as we understand investors would be highly susceptible by the earnings reported as Wall Street is currently trending at record highs.
- Therefore we may be entering into a rather volatile period for equities. With the US market now trading at an estimated PER of 17x which is a premium vis a vis its historical of 15x, any shortfall from the corporate results may posed as a reason to take profit by investors.
- Meanwhile, expectations of lower interest rates may curtail any excessive selling. Interesting times ahead for equities indeed.
