After no rate cut where now for equities? The RBA surprised the vast majority of market experts by leaving interest rates unchanged at 2.25% yesterday

After no rate cut where now for equities? The RBA surprised the vast majority of market experts by leaving interest rates unchanged at 2.25% yesterday. The futures market is still factoring in 2% rates in Australia within 6 months. Looking forward, the below scenario should be a little sobering to people that believe you cannot lose buying high yielding stocks: Central Banks around the world are spending $trillions in attempt stimulate their economies, a party that the RBA joined last month. If they fail, we get a recession (bad debts for banks). If they succeed, we get higher rates. Personally I believe that the central banks will succeed and rates will start rising over coming years, the US is expected to raise rates as early as June this year. I believe we will now experience a choppy 2-3 week sideways correction back towards the 5750 area. If I am correct, the market will then resume its rally in the historically strong month of April well over the psychological 6000 level. (VIEW LINK)