Disappointing reporting season but can the ASX recover?

We are  75% way through the reporting season and it’s been a bit of a shocker – for disappointing reasons.

The market is down from expectations.  Shane Oliver from AMP says people we were hoping for upside surpirse but they just weren’t delivered. Unlike in the US,  where they like their guidance to under promise and then pull out some upside surprise, Australia doesn’t do that and that leads to bad news.

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