When we go into periods of big volatility like this, it is the amount of liquidity in the US wholesale system that decides how long that period of volatility will last. I think this period will last weeks rather than days. I think by the time we get to the... Show More
I spoke with Swiss financial television station Dukascopy TV about geopolitical event uncertainty, Australian AGM season and how can investors be smarter in their stock selection. Over the last 20 years, big positions in traditional Australian blue chip stocks have been rewarding for investors. BHP Billiton Limited and Rio Tinto... Show More
Chair of the US Federal Reserve, Janet Yellen, has sought to calm markets by saying a US rate rise is likely to happen this year. Her comments come after the Fed kept rates steady at its September meeting last week adding to volatility in the market. Show More
This week is going to be all about the US and the Federal Reserve's decision on whether it will raise interest rates. The market has only put a 30% chance on a rise but personally I think it’s too close to call. Show More
In The AFR today I report S&P will likely upgrade the major banks' stand-alone credit profiles from single "A" to "A+" if, as expected, they boost their Common Equity Tier 1 (CET1) capital by more than 120bps. The widely-accepted new-normal for the major banks' core equity is 10% of risk-weighted... Show More
The ASX200 index generated a technical sell signal at 5833 on 20/4/15. The expectation is for further significant downside to occur. (The rebound yesterday did not alter the negative technical view on the index). Show More
The ASX200 index major resistance barrier is located @ 5996, a level which has now capped the market rally on three occasions this year. The potential has now emerged for a technical top /sell signal to be generated. Important to note that a further decline is still required on the... Show More
Aussie market recovered back towards the top of the recent 6 week trading band high with better oil price and retail bargain hunting. Turnover was just above $3.8b. Today’s low volume retail push shows the lack of conviction in the market to push to 6000 without a rate cut. Consumers... Show More
Market View: We maintain a bullish long term view on the Australian equity market to reach 6500 in 2016. The RBA move in February has made equities as the preferred risk/return option for investors wanting more than 3% return in a rising cost environment. We expect global investors to come... Show More
Aussie market pulled back again from just below 6000 territory with commodity price risks. Turnover was just below $4.8b. US markets remains volatile with US Fed minutes giving mixed signals and corporate result season coming up. We continue to expect outlook statements to be negative in US corporate season and... Show More
Aussie market finished positive on the back of commodity price recovery and M&A optimism. We saw Shell move on BG and FedEx move on TNT while mining & service stocks keep getting opportunistic bids (i.e. EHL turn today). Turnover was just below $4.8b. US markets finished flat overnight after starting... Show More
Sunset Strip | Aussie market was painted red today in line with global sell off. Turnover was just below $5.7billion. The market had been trading sideways for the past 4 days with stretched valuations on yield trade despite underlying weak economy getting worse. US market has finally moved from negative... Show More
Sunset Strip | Aussie market continues to trade sideways for the 4th day in a row despite volatility in global sentiment. Turnover was just above $5.5billion. The market is stuck between stretched valuations on yield trade and underlying weak economy getting worse. The basic rules about housing bubble are (1)... Show More
Sunset Strip | Aussie market continues its recent sideways trading pattern with lack of any real sentiment. Turnover was just below $4.6billion. The lack of movement in any macro factor and further slowdown data point from China did not stimulate the market to push to the elusive 6000 mark. Last... Show More
Sunset Strip | Aussie market gave up most of Friday's gains despite positive global sentiment. Turnover was just below $4.2billion. Last week US Fed moved to deflate USD and support their economic recovery over other regions. The basic rules of currency war are (1) you do not talk about the... Show More
Sunset Strip | Aussie market moved up despite falling commodity prices and negative global sentiment. Turnover was just below $8.5billion. US Fed basically moved to deflate USD and give more breathing space for their economy. In basic terms they are playing their part in currency war (i.e. artificially deflating currency).... Show More
Sunset Strip | Aussie market recovered popped hard on short covering after FOMC basically said nothing much at all. Turnover was just above $7.2billion with options expiry adding to the volume. Every man and his dog was expecting the word patience to be removed and unless you missed economics 101,... Show More
Sunset Strip | Aussie market recovered from the early sell off on global sentiment and Chinese property worries to close flat. The whole world now on holding pattern to see what happens in the US. Turnover was just above $6.2billion. The equity market is stretched on all valuation metrics, but... Show More
Sunset Strip | Aussie market moved up on positive overnight global lead and bond yield easing post RBA minutes. The yield gap pressure was released again with bond yield pulling back and allowed the yield stocks to run up a bit more. Turnover was just above $5.5billion. The equity market... Show More
Sunset Strip | Aussie market pulled back with global lead and falling commodity prices on the open before recovering most of the losses via yield stocks. The yield gap pressure was released with bond yield pulling back 5bps over the day. Turnover was just above $4.2billion. The big positive performances... Show More