Australian stocks: An air pocket or something worse?

Our market is drifting while the rest of the world is ticking higher. It's time to look hard at what the ASX is telling us.

Summary: It’s now late November and the Australian share market has drifted for the entire year. While periods of stasis happen regularly, what’s unusual about this one is that it’s bucking the global trend – the US and New Zealand markets, for example, are hitting record highs. That’s because our problems are domestic: Australian banks are dealing with negative publicity over capital concerns, while our miners are dealing with a commodity price rout.


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