Greenwich Wealth Investment Update – March 2019

Markets continue to rebound despite economies showing more and more signs of weakness. In this month’s investment update from Greenwich Wealth, we take a deeper look into the Australian economy as talk of recession starts to creep in.

As the rebound continues, the S&P/ASX 200 is now within 5% of last year’s high, though the rally has slowed a little. The US S&P 500 also moved up about 1.5% over the past four weeks while the Euro STOXX outperformed, up 3.8% in the same period.

Bonds were mostly flat for the month as the US 10-year yield held steady, though European and Australian bond yields fell on weak economic data and a stimulus package from the European Central Bank (ECB) was announced.

Commodities stabilised following the rebound over the past couple of months as global economic data showed a significant slowdown in recent months.

The Australian Dollar fell to about US 70.5 cents as worries over Australia’s economy surfaced.

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How can Greenwich Wealth help you?

This month’s investment update highlights that market sentiment on all asset classes is constantly changing. It is important for us to quickly recognise any threats, to preserve your investment capital or to identify early investment opportunities to maximise any return advantages. At Greenwich Wealth we don’t get complacent with the current state of play and constantly monitor investments and your portfolios.

If this article has raised questions regarding your personal situation, please contact one of the Greenwich Wealth advisors on +61 8 6555 9500.

This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider you financial situation and needs before making any decisions based on this information. Greenwich Wealth, trading as Partners Retirement Planning & Investment Advisors, is a division of Partners Wealth Group and an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee.