Australian market has best July in 22 years

I came across some interesting statistics today.

The Australian share market has experienced its best July in 22 years since July 1987. The ASX 200 hit its highest level in almost 9 months, having rallied 13.56% in just 14 trading days. The Shanghai index has gained around 80% since the start of the year. The prices of copper and crude oil have doubled.

Are we entering a new bull market? Only time will tell.

Important Information

The above information provides an overview or summary only and it shouldn’t be considered a comprehensive statement on any matter or relied upon as such. The above information doesn’t take into account your personal objectives, financial situation or needs. It’s important for you to consider these matters before making any financial decision and I recommend you seek help from a financial adviser.