Debunking the bears part 2 – Valuations are stretched

Miles Staude

Where the argument that current share market valuations are too high generally breaks down is that it is based on comparing current P/E ratios to very long-run historical averages. In this video and edited transcript below, Emma Davidson poses the question of whether valuations are too high to Miles Staude... Show More

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Trump card for the markets?

Miles Staude

Like many people, the idea of President Donald Trump horrifies my liberal sensibilities. Nevertheless, he's proven masterful in navigating the realities of the US political system. What remains to be seen is how much President Trump looks like Candidate Trump. The Republicans are set to control all three branches of... Show More

Skinny dipping

Miles Staude

It has been a magnificently bad start to the year for equity markets. According to commentators, one of the worst, if not the worst, start to a January on record. While episodes like this can be painful for investors, they can also serve to highlight how dependent many investment strategies... Show More

The myth of disappearing bond market liquidity

Miles Staude

The implementation of the Volcker rule has forced investment banks out of the business of trading on their own account in the US bond markets, an activity they often described, rather benevolently, as “providing liquidity”. A considerable lobby industry has emerged to push back against these new regulations, as has... Show More

The view from London: It's not that scary out there. Having spent the past 3 weeks travelling around Australia it is striking how pessimistic many people are

Miles Staude

The view from London: It's not that scary out there. Having spent the past 3 weeks travelling around Australia it is striking how pessimistic many people are. Perhaps this is a home bias at play; the outlook for Australia certainly looks set to diverge from that of other developed counties in... Show More

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