February 2020 - Bongiorno Financial Update

What's in this issue?

• Shares are at risk of a short-term correction or consolidation after a strong run over the last year and with sentiment now very bullish. However, this year should still see good returns for investors as global growth edges up and interest rates remain low.

• Five key global charts to watch are: global business conditions PMIs; global inflation; the US yield curve; the US dollar; and global trade growth.

• So far so good, with PMIs improving a bit, inflation remaining low, the yield curve steepening, the $US showing signs of topping and the US/China trade truce auguring well for some pick up in world trade growth.

Kind regards,

ANTOINETTE BONGIORNO
LL.B. B.Com. CFP DipFP A.S.A. Cert IV. FMB.

Level 2
431 St Kilda Road
Melbourne VIC 3004
ph) 03 9863 3316
fax) 03 9820 2518

Australian Financial Services Licence No 238977