Mr Market’s got a hammer and just about everything looks like a nail.
Defensive Woolworths and Endeavour Group – whack. US earners CSL and Treasury Wine Estates – whack. REITs such as National Storage and NextDC – whack. Lithium miner Pilbara Minerals, travel stock Flight Centre, fund manager Magellan Financial, industrial Reece – whack, whack, whack and whack.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
