I felt like I was one of only a handful in the city today with the Easter School Holidays overlapping ANZAC Day and creating the perfect excuse to take or extend holidays. The market reflected it with the index closing flat. Gold stocks did well today on the... Show More
Another really strong day for Aussie stocks as traders position for further interest rate cuts locally following a weaker than expected print on inflation at 11.30am this morning…A host of investment banks along with ANZ, WBC and NAB are now calling for two rate cuts this year, the... Show More
The US market again pushed higher overnight with the Dow reaching an all-time high in what we believe is just the start of a move to the ~20,000 area; an 8-10% advance. Over the last few weeks, we have generally been talking on a macro / index level hence this... Show More
The American FANG stocks (Facebook, Amazon, Netflix and Google) have become household names and rewarded investors very nicely over recent years. However from late 2014, US stocks have consolidated their excellent gain since the GFC, the S&P500 is currently only 1.7% below its all-time high and the tech based NASDAQ... Show More
On a very quiet morning when both the US and UK have enjoyed long weekends, we thought we would revisit the potential path for Australian interest rates. Investors typically have short term memories and forget markets are cyclical. Iron ore should be a great reminder - from $US15/t to $US190/t... Show More
As you all know, we remain bullish US equities, targeting fresh all-time highs with a likely 5-10% further upside. If this view (illustrated below)is correct, there remains some opportunities for buyers with good stock selection and entry levels. The US Memorial Day weekend is basically upon us and not surprisingly,... Show More
5400 continues to provide some resistance for Aussie stocks, with a weak wage number and greater chance for another interest rate cut not enough to keep buyers on the front foot. The ASX was off -39 points although there was decent individual stock moves. Show More
Expectations of rate cuts are clearly supporting the market. It’s grinding higher when it probably should be selling off. Low interest rates make cash less appealing and it creates a lower hurdle to come up with ‘reasonable valuations’ for stocks. There’s little doubt that the market is overpriced here –... Show More
Is there still value in the strong REIT's sector? Show More
World stock markets hardly moved overnight but we saw further weakness from our resource stocks with BHP looking to open ~ $19.80 down another 2.8%. BHP will now be down 6.9% from its high last Thursday. We stick with our view that on number of matrices, which includes risk /... Show More