Aussie investors went on a buying frenzy after the ‘trimmed mean inflation’ (which is the RBA’s preferred measure) eased back from 4% to 3.9% in June. The market then decided the RBA won’t have to raise rates which is why our market roared higher….Everyone had plenty of green in their portfolios – ETPMAG added 3.37%, PMGOLD put on 2.34% and CHN rallied 8.5%
*Trimmed mean inflation removes some items that experience the highest price rises and also takes out others that come in at the low end. So...