Want to invest ethically for a brighter future?
(but still make lots of money)?

Want to invest ethically for a brighter future? (but still make lots of money)?

 Take Rask’s FREE Ethical Investing course today.

  • Online & 100% free
  • ETFs, shares & Super
Want to invest ethically for a brighter future? 
(but still make lots of money)?

 Take Rask’s FREE online Ethical Investing course.

Why the ASX 200 is bounding higher on Tuesday

The ASX 200 (ASX: XJO) has gotten off to a strong rally on Tuesday morning after good overnight gains on Wall St.

What ASX 200 investors need to know Tuesday

Last week, the ASX 200 finished its sixth straight week in positive territory, adding 4.2%.

The story was similar overseas, with the Nasdaq hitting a record intra-day high on Friday before blasting through it completely on Monday. The S&P 500 added 2.7% on Friday and a further 1.2% Monday to erase all losses for 2020. The rally was broad based and triggered by a far better than expected US unemployment result, with the economy adding 2.5 million jobs and the overall level falling to 13.3% from 14.7%.

Featured video: Steve Johnson the COVID-19 recovery & Uber stock

All 78 economists surveyed by Bloomberg had predicted further job losses with many commentators suggesting this is the biggest miss ever by economists.

The airline sector remains a key beneficiary of a reopening economy with Boeing up 11% and Qantas rising 3%. On the other hand, a more positive outlook is placing pressure on the healthcare sector with CSL and Fisher & Paykel Healthcare Ltd both off 3%.

Kogan grows

In a sign the world is changing in front of our eyes, online retailer Kogan announced a 100% increase in sales in both April and May sending the company’s shares to record highs. At a market cap of over $1 billion, it’s now worth four times as much as Myer Holdings. I still struggle to see KGN becoming Australia’s Amazon.

The spoils haven’t been evenly shared with billions in market capitalisation shifting from traditional value sectors including energy, resources, and financials into technology and consumer-facing businesses. Many leading investors have been caught out once again after being unprepared for the initial volatility. Stanley Druckenmiller has suggested he was ‘far too cautious’ in his outlook for the recovery.

The biggest pharma merger ever?

More positive news emerged over the long weekend with OPEC+ extending supply cuts for a further month and calling out those nations who refused to cut as agreed, being Iraq and Nigeria.

AstraZeneca is said to have approached Gilead Sciences to discuss the biggest pharmaceutical merger in history.

The AUD is likely to continue its recent run as Brazil becomes the epi-centre of new COVID-19 cases, keeping iron ore prices above $100 per tonne. If you ask me, iron ore is substantially overvalued. Particularly in light of growing concerns around Australia’s relationship with China following a recent travel warning issued by the Communist Party.

If you’re looking to capitalise on the market’s growth, consider reading our report on The 5 Most Popular ETFs in 2020.

This report was written by Drew Meredith, Financial Adviser and Director of Wattle Partners. To get in contact with Drew, click here to visit the Wattle Partners website.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here or enter your email address below to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just enter your email address below and we'll send you the report right away.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

CLICK HERE TO GET THE REPORT

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

General Financial Advice warning
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

© Rask Australia 2020

Join 20,000+ smart investors

Join the Rask Australia mailing and we’ll send you free investment reports, podcasts, expert insights, investing courses, ASX news and lots, lots more. All free. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian-owned.

feedback-icon

What can we do better? Please give us us some feedback :)

We care about your experience, please let us know if you have any suggestions to improve our site.