Well, now the main big company have issued their results.
If you look in details you understand ho the average investor is in big trouble, as it has mainly the top ten.
Banks….it is clear that even CBA has no more room for growth. Not a bad result – but there is no more scope for growth.
Telstra…again no scope for growth
Woolworths (and to a less degree Wesfarmers) is in a bind, under attack by Aldi and new entrants.
BHP and RIO they are dependent on China and iron ore – whose dynamics are not really changed.
Woodside and the energy sector is kind of trapped by oil (which is trapped by $40-$60).
Westfield/Scentre are good, but expensive and with the possibility of de listing
There is still a lot of room for growth…but mainly outside ASX20
investorpolitico 