With central banks policies supporting investors' appetite for the more risky, growth-leveraged assets in the share market, FNArena Editor Rudi Filapek-Vandyck explained on Wednesday, before the Federal Reserve was to bring out the Big Bazooka on Friday, that miners, energy producers and other cyclicals will be the place to be if investors want to benefit from renewed market optimism.
However, he also warned that investors shouldn't dismiss the need for earnings support further into the rally. Which is why he confidently predicted that Australia's largest miner, BHP Billiton ((BHP)) will underperform its peers as there appears to be, at this point in time, very little prospect of the Big Australian actually growing its earnings per share in the near term.
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