Why didn’t the Santa rally happen? Jackson Aldridge from Cadence Capital says the Fed’s continued efforts to bring inflations to two percent has led to tightening financial conditions and subsequently put pressure on valuations for equity markets. He says retail data from Boxing Day sales indicates that it was a really good period for retail businesses, which has boosted stocks like Breville (BRG), Harvey Norman (HVN) and JB HiFi (JBH).
Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.
The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.
Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.