Three Monday thoughts: Sharemarket winners and losers


OPINION: Eight months into 2020, we’ve seen extraordinary share market moves. The world’s largest market (the US) was down a third in March/April, then rocketed up by 51 per cent, reaching new highs by August. While unprecedented, this collapse and recovery is just part of the story.

The deeper insight is the wide dispersion of returns between sectors. Tech stocks are up 24 per cent this year – the likes of Amazon, Alphabet (Google’s parent) and Microsoft – have driven the market.

Healthcare, consumer goods and telecoms are also up – yet financial services, utilities, property and industrials are down, some sharply.

See more of John's Opinion piece here

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GENERAL INFORMATION ONLY

This information is general information only and does not take account of your individual investment objectives or financial situation.
Pathfinder Asset Management encourages all investors to seek independent financial advice prior to making investment decisions.