James Gerrish

The US market provided a good lead for stocks this morning and the market was strong early – up nearly ~60 points in the futures market before some sellers angled into the rally. Asian markets were higher as continued rumblings of an imminent trade deal bubbled away in the background... Show More

James Gerrish

The market pulled back ~21 points today however continued to outperform overseas leads + we saw US Futures down during our time zone. The theme we discussed this morning around “Short SPI Futures / Long S&P spread trade” which seems to be unwinding was obvious again with weakness in US... Show More

James Gerrish

The market crept higher again today, continuing with the momentum gathered yesterday, albeit at a slower pace. The banks dragged however that was offset by some decent buying in some of the beaten down names (retailers etc.) while we also saw some good moves continuing in the tech space. Resources... Show More

James Gerrish

While the focus is squarely on the banks, there are other areas that may be impacted, some more aggressively so. This obviously includes mortgage brokers such as Mortgage Choice (ASX:MOC) and Yellow Brick Road (ASX:YBR) along with Home loans (ASX: HOM), the old resimac business and Finsure which is goldfields... Show More

James Gerrish

The market was soft on open this morning giving back all the gains and them some implied by the SPI Futures on Friday (+20pts), however buyers stepped up to the plate largely focussing on the banking stocks ahead of the Hayne RC report which is just out – my initial... Show More

James Gerrish

Given the commentary from Jerome Powell (US Fed Chair) overnight, specifically around the trajectory of interest rates in the US (lower for longer) but more importantly the ability (and willingness) of the Fed to use unconventional measures to support the economy, trade in the US after the press conference and... Show More

Thanks Patrick - certainly has less teeth than it could have. From a banks perspective, Westpac should benefit most given the green light for continued vertical integration + they have a big branch network which should help them with selling mortgages. Mortgage brokers a big loser - the gravy train has stopped!

On Five minute quick-take on the Royal Commission findings -

$10 = blue swimmer $20 = lobster $50 = pineapple $100 = avocado (it used to be a grey nurse before the new notes)

On Telstra – Trap or Treasure? -

Hi Graeme - Better to look at points in our view - in rough terms wave 1 = 400pts, wave 3 which should be biggest = 700pts and wave 5 should be similar to wave 1 (give or take) - assume 400pts from about 1100 = 1500. We don't get too hung up on exacts - more areas / zones.

On Why is a correction looming? -