The heat biotechnology stocks are on fire.
There are plenty of hot topics on the horizon.
And for some people, this means that it’s going be tough to stay focused on the big news.
It’s a tough time to be a biotech investor.
If you want to be an asset manager, it’s a very tough time.
A new survey by asset manager Avanti has found that investors are more likely to buy stocks that have less volatility and a lower return on capital.
The findings are significant, because it’s been a tough year for equities.
So we think the more attention this year is given to the health of equities, the better off we’ll be in the long term, the company’s CEO said in a conference call with analysts on Thursday.
This is the second time in two years that we’ve had a large-scale stock market rally.
In 2015, the index reached its highest level since 2001 and the Dow Jones Industrial Average jumped more than 500 points.
Then in 2016, the Dow fell as much as 9 per cent.
Now it’s up by over 10 per cent, according to Avantis’ report.
“I think we’re witnessing a new era of optimism,” Avantieis chief executive, Peter Hargreaves, said.
I think the momentum is building and we see a renewed optimism about equities.
“There is still a lot of uncertainty around the market and this year’s rise has been accompanied by significant volatility.
But Avantitis sees that this is a relatively short-lived period.
With the price of equity stocks rising and the stock market continuing to climb, the chances of a rally are now low.
For investors, this year could be a tough one to predict, said Hargres.
We’re not seeing a lot in terms of new trends, but I do think the next few years will be a good time to look at stocks.
While the stock markets are up, the cost of living has been steadily rising for most people.
Australia has seen a surge in housing prices and the number of Australians without access to social housing has been rising.
People in Sydney are still living in cars, with more than two-thirds living in inner-city suburbs.
Hargres says the biggest takeaway from this year will be the need for more housing in Sydney.
However, the problem is that there are now more than 2 million more people than there were five years ago.
Over the next four years, the number will double.
Topics:stockmarket,wealth-and-reserve,government-and.govt-and/or-politics,australia,united-statesFirst posted June 30, 2021 12:32:04More stories from New South Wales
