Investment outlook: new financial year

As we embark on a new financial year, the reporting season is upon us. We look at why August is a critical month in the market.

Michael Knox, Morgans Chief Economist identifies that the August results season marks a critical juncture as investors look to reported earnings and growth to validate current market valuations. Markets aren’t cheap, so we’re avoiding stocks that may disappoint as they look vulnerable to sharp corrections. On the flip side, there are several opportunities to position for potential capital management and upside surprise.

Download Morgans monthly Investment Watch update here.

For investment advice call PPT Financial on (03) 5331 3711.

DISCLAIMER: The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.