The Christmas period is fast approaching and we thought we'd leave you with three top trends heading into the silly season. Firstly, the notable increase in bond yields continues to grow. Next, 17 out of the last 20, mid-December to mid-January trade periods have recorded positive returns. Finally, among growing... Show More
Aussie market continues to defy pessimist and delivered 9th straight positive day since the middle of December on relatively low turnover and positive commodities sentiment. The last time the market had more than 9 consecutive positive days was in February 2015 when the market had a big run up to... Show More
Aussie market has delivered 8th straight positive day since the middle of December on relatively low turnover. Local retail investors are in control during school holidays and they are chasing bargains in low interest rate environment while the global investors were happy to be on the sidelines as the currency... Show More
Aussie market ripped out 7th straight positive day for Christmas on better commodity prices and stronger currency. The last 3 years of daily returns show that there is just 1% probability of getting more than 7 consecutive positive days and the last one was in February when the market ran... Show More
Aussie market delivered 6th straight positive day on better commodity prices and stronger currency. The low turnover day showed that retail investors were in charge and global investors were on the sidelines. The last 3 years of daily returns show that there is just over 2% probability of getting more... Show More
Strategy outlook: We maintain a bullish long term view on the Australian equity market while short term volatility remains with US Fed outlook, China growth plans and global growth risks. We remain positive on the yield and currency trade, while domestic economic deterioration creates more volatility, cost cutting and M&A... Show More
Aussie market delivered another positive day despite global investors selling on currency and market strength. The low turnover day like today was caught between optimistic local investor and pessimistic global investor. The last 3 years of daily returns will tell you that there is less than 3% probability of getting... Show More
Aussie market made another remarkable recovery to follow up Friday’s effort to remain again on a thin edge positive when US markets are nearly down 3.5% in two days. The US markets were expected to have a pullback short term as global business models that dominate the US indices are... Show More
Aussie market made a remarkable recovery on a Friday to close very slight positive after being down as much as 1.5% in the morning. The recovery was made even more positive given the big line of TCL that needed be funded was adding to the selling pressure. Notable moves today... Show More
Aussie market huffed and puffed and delivered fourth straight negative day despite banks holding up. We have had 11 out of the last 14 days being negative. But we continue to see market showing support around the 5000 level on valuation and we have seen profit taking after the market... Show More
Market view: We maintain a bullish long term view on the Australian equity market with 12 month index target level of 6100. The RBA move in February and May, and the housing bubble with banks pushing up rates out of cycle, has made equities the preferred risk/return option for investors... Show More
Aussie market started with a big move up in line with US sentiment before Resource sector lead profit taking ate up all the outperformance. Bank sector to benefit from dividends flowing back while gold sector looks interesting as the market gets over US rate rise risk and AUDUSD holds up... Show More
Aussie market pulled back with weaker commodities and a week of volatile global and local macro ahead. We continue expect the market to tread water with global and local macro taking center stage this week. Local macro is mainly redundant as the US rate cycle is the main game. RBA... Show More
Aussie market was directionless with US being closed and gave up the early slight optimism to finish slightly in the red. The market today is best explained through two stocks on either end of sentiment spectrum. SGH has had its life beaten out of it for what market sees as... Show More
Aussie market opened up very positively before the very negative business capex data took the shine off to end up with a smaller positive close. The business capex shows that despite all the talk from business lobby groups, the reality of the outlook for the economy is relatively bearish. The... Show More
Aussie market held up another positive day despite weak commodity prices and end of week profit taking. Market is up 5% in four days with yield and currency stocks predominantly leading the fight back. The “Once Were Warriors” Big Caps (i.e. BHP, STO, TLS and WOW) were mainly flat apart... Show More
Aussie market started positive on the China stimulus move and then ran into profit taking on low volume as the day went on. It was clear to see a rotation out of TLS and into WBC for the dividend cycle in November. We had expected China to deliver a rate... Show More
Aussie market shot up to confirm the Christmas rally is up and running with positive hosing reporting data from US, ECB pulling out more QE, big banks putting up rates to support their dividend policy and M&A in Energy sector continues. Shock and horror…NAB and ANZ followed WBC and CBA... Show More
Global market outlook: Declining global growth has driven major economies to currency war for a bigger slice of the shrinking growth pie. Markets are getting used to the slowing China, stabilising Euro, risky Japan and below trend growth in US. The global markets had a decent recovery in early October... Show More