We noted that the Australian market was down by 5.4% for the year to date. During the past month only the Energy, Material and Industrial sectors had shown an increase overall.
We looked at the major problems facing Australia at the moment such as the huge debt that Australia has accumulated during the pandemic, rising food, petrol and energy costs which are contributing to rising inflation, climate change influences and shortage of staff in a number of areas such as hospitality, retail and engineering. We then had a discussion on how this could affect the share market in the next six months and how to cope with the current situation.
The next meeting of Investment will be on Monday 4 July 2022 at 1.30pm in the U3A room.