The last two weeks have been at odds with our expectations – the market has gone into capitulation mode judging by price action and record outflows. The ‘late cycle’ fears have now rolled through to all sectors; the S&P 500 is off 13.1% since its highs in mid-September (as at... Show More
Finding value in Australia can be tough. With so few major companies, and so many fund managers hunting for the best ideas, value can disappear as quickly as it arrives. By way of illustration, the world’s largest company (Apple) currently trades on a lower multiple than Amcor or Brambles. In... Show More
I have decided to dedicate this newsletter to the US economy, given that our investments in the US represent close to 60% of the fund's portfolio. Despite the recent stock market correction, the US economy is growing nicely with US GDP growth revised upwards to 3.7% in the second quarter.... Show More
in 1968, John Exter placed 100% on his portfolio into Gold. It was radical position for a gentleman who was once on the Board of Governors of the US Federal Reserve system, but it served him well in Stagflationary years that followed, which saw a soaring gold price, and a... Show More
Facebook tops US equity picks: Saxo Bank Head of Equity Strategy Peter Garnry. Saxo Bank's top equity picks in North America has been expanded to cover 20 stocks, with Facebook still toping the competition with one year returns of 19 per cent prior to its Q2 earnings release this week. Facebook... Show More
