Market pulled back with global sentiment after US Fed flagged a step up in their outlook to rate rise. Credit is where credit is due. US Fed has taken a beating from every pundit on the rate of change while history will treat them well as they have achieved their... Show More
Market moved up and down like a headless chook before finishing negative on the risk that Chinese stimulus may wane after solid retail and factory data. We are seeing the early stages of friction between the corporatisation of the western fiscal policy rubbing against the authoritarian cohesion of the eastern... Show More
Market finished relatively flat despite positive global sentiment from the weekend driven by the Oil deal. Bleeding oil producers and self-interest to get a good price for oil asset sales have finally delivered a supply side response from OPEC and non-OPEC producers. The main game this week is the US... Show More
Market built on the early positive run to finish a solid positive day despite a substantially weak GDP data. The weak GDP data, underemployment worries and low wages growth shows the weakness in the local economy despite the strong commodity prices. Beaten up stocks were the best performers again today... Show More
Market fell hard from the open on Italian vote going against the government before making a few recovery cycles to finish off the day’s lows. Austrians went with the plan to vote against the far right party while Italians have voted against the referendum to set the scene for more... Show More
Market bounced hard today on the back of OPEC deal. The market has been seeing a big portfolio transition over the last few days…smells like global transition portfolios are going through…they have been adding exposure to Banks and Resources. There was a lot of short covering in some of the... Show More
Market remains in the land of aimlessness with profit taking the most likely result as EU breakup worries start to take center stage. Market continues to struggle with historically high commodity prices with historically high USD while US rates are going up and US volatility is going down….something has to... Show More
Market is flip-flopping between aimlessness and profit taking mode ahead of the EU breakup worries and US Fed raising rates. Market continues to struggle with historically high commodity prices with historically high USD while US rates are going up and US volatility is going down….something has to give and that... Show More
Market was back in the aimless mode without mother goose US to set the path tonight. Thanksgiving holiday tonight in the US means the world will be confused tonight. Tomorrow night may also be lacking sentiment in the US as investors would have taken the day off to make the... Show More
Market had another cracker day to deliver two consecutive days of above 1% return…last time we had that was in April. The market was on fire once again and it was mainly drive by resources with banks helping out. It is going be interesting to see the US market tonight... Show More
