Macro outlook: Despite short term stimulus reprieves, the medium to long term global market dynamics point to slowing global growth, weaker commodity prices and lower interest rates. The US Fed backflip has delivered another short term relief for commodity prices while longer term inflation pressures will force the USD higher.... Show More
Aussie market started negative and closed further down at the lows as global sentiment remains weak into the Valentine’s Day weekend. Let’s hope the markets don’t deliver a Valentine’s Day Massacre tonight in Europe and US. We still have China to come back on board next week and that could... Show More
Aussie market started negative on market uncertainty before the shrinking bond yields pushed up the yield trade to deliver a solid positive day. Global markets went into last night with everyone wearing their “chicken little” suits screaming the “sky is falling”. The global markets were jumping on shadows. US Fed... Show More
Aussie market delivered a strong negative day on solid $5.5b turnover after mixed global sentiment. The US data continues to suggest that the rate rise in US will be delayed to Sep as we have been assuming. The RBA board and ASIC seems to be on the same page as... 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
Large & Mid Cap Talking Points: The big positive mover into the top 30 on a multi factor basis was FLT, while FMG and CTX were the big negative movers into the bottom 30. The best 5 multi factor ideas are QAN, NCM, STO, ILU and AWC while the worst... Show More