markets have been very calm and we have now seen a 35-day streak of market calm without a daily move of more than 1% in the US stock market index. While August is generally quiet given it is summer vacation in America, this is the longest stretch of low volatility since the 2014 summer period. So the question is, is this the calm before the storm? We reiterate our outlook for the reminder of the year and discuss the importance of active management in protecting against downside losses below. Locally investors continue to digest the current earnings season, as the market looks for stronger profit results to support recent share price gains. Costa Group Holdings (CGC.AX), which supplies fruit and vegetables to the supermarket giants, reported a strong 2016 financial year result, beating its prospectus expectations by 4%. High demand for key crops in Australia and strong berry growth and citrus exports overseas have helped Costa Group record a 29% rise in net profit after...
Stock Markets, Simplified.