Pavan Sharma

Given we are half way through 2018, rather than focus on a stock today we are providing a brief update on the broader market and our outlook for the rest of the year. 

Stock sitting overextended after good run within an uptrend

yesterday saw the Reserve Bank of New Zealand (RBNZ) keep the official cash rate unchanged at a record-low 1.75%, citing ongoing weak inflation and tension in global trade.

Global markets were lower overnight as the US market sold off sharply on renewed uncertainty regarding the US stance on Chinese investments in American technology companies.

Global markets recovered some of the losses from the prior session overnight with gains being led by technology and consumer discretionary stocks. Interestingly the US Tech giants such as Facebook, Apple, Amazon, and Google, have seen their share prices h