Monthly Archives: February 2019

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Protrader – February 2019 Market Wrap

XJO Momentum building on confidence. UP 297   However, there are still clouds on the horizon, specifically related to the banking/ housing sector. This was evident by both bank reports with BEN (Bendigo & Adelaide Bank) reporting Net Impaired Assets had increased 26%, combined with Macroeconomic housing data, such as lending rates down 6.9%, and Melbourne housing prices falling at their fastest quarterly rate in history. It is important to understand, as can be seen by the chart below, although there are some serious concerns