The ASX First semester Report Card, While the past week parents around Australia have been receiving report cards from the children’s teachers, mostly confirming expectations as to how their offspring have the classroom and exams over the first half of the year. Similarly, fund managers around Australia have been writing reports detailing how both their funds and the market have performed in 2019. The leading themes have been: 1) Recovery of Banks and Telstra 2) Iron-ore Bonanza 3) Tech Stars WAAAX et. al. While the detractors have been former leaders taking nose-dives of double-digit falls destroying a lot of investor’s wealth.
