Market Update: Reflation Trade Hiatus

The ‘Trump Rally’, which saw cyclical stocks rise strongly, bonds sell off and the U.S. dollar strengthen, has weakened as investors have reassessed the Trump administration’s ability to implement its economic agenda. Bond yields have retreated as investors seek a haven in the face of geopolitical rumblings and both bonds and bond proxies such as property and infrastructure have benefited, while cyclically leveraged equities have temporarily stalled.

The Federal Budget comes squarely into focus this month, putting the Government’s fiscal management in the spotlight

Read the full Morgans monthly Investment Watch update.

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.