Via the AFR:
Australia’s top equity strategists agree the best way to beat the market in the 2019 financial year is be long resources and wary of banks and the high-flying growth stocks which lit up the bourse in 2017-18.
…”We have seen a steady improvement in earnings expectations,” said JPMorgan equities strategist Jason Steed, who has an index target of 6500 points by the end of the calendar year. “Telcos aside, many did expect the banks to suffer a sharper earnings retracement than we have seen.”
