This month’s interest piece has been written by Devon’s Head of Retail, Greg Smith.
The results season, which has wound down on both sides of Tasman, was once again keenly watched. Markets had made a brisk start to the year in January on the prospect of better than feared outcomes in 2023. An array of results (and outlook statements) from companies covering a cross-section of industries was also going to be a useful sanity check on whether investors had gotten too far ahead of themselves (or not far enough) with respect to the broader market, and individual company valuations.