Market lost the momentum from four straight positive days to deliver a negative day. We are in the school holiday period where most investors will take the next two weeks off with Christmas and New Year breaks. We have seen better volumes this week than most expected and that may... Show More
Market moved up again despite negative global sentiment to deliver fourth straight positive day. Aussie market looks to be suffering from delusions of grandeur by maintaining the positive momentum despite falls in global markets, currency, volatility index and yields. We are in the school holiday period where most will take... Show More
Market moved up again on global positive sentiment ahead of the US Fed update to be only 40 points off the 2016 high…but on accumulation (i.e. dividends included) basis we are at all-time highs (i.e. created a new high today). The positive performers today were led by Discretionary retail and... Show More
Market moved up and down like a headless chook before finishing negative on the risk that Chinese stimulus may wane after solid retail and factory data. We are seeing the early stages of friction between the corporatisation of the western fiscal policy rubbing against the authoritarian cohesion of the eastern... Show More
Market is flip-flopping between aimlessness and profit taking mode ahead of the EU breakup worries and US Fed raising rates. Market continues to struggle with historically high commodity prices with historically high USD while US rates are going up and US volatility is going down….something has to give and that... Show More
History shows pullback in volatility index flags profit taking risk in the market. We continue to see US market, US Dollar Index and US yields close to the historical highs while volatility indices are at the lows. We see high risk of a pullback in the US market after exuberance... Show More
Market was back in the aimless mode without mother goose US to set the path tonight. Thanksgiving holiday tonight in the US means the world will be confused tonight. Tomorrow night may also be lacking sentiment in the US as investors would have taken the day off to make the... Show More
Aussie market got smacked on the open before making a slight recovery through the day. Investors were rushing to the door before the ECB update and US jobless data update tonight. We also have Chinese CPI and US Fed economic forecasts tomorrow. The risk in the market means that fund... Show More
Low growth and low interest rates remain the key risks for financial stocks as global economies move from one disaster to another. The growth and yield to value outlook continues to favour banks above diversified financials, insurance and property trusts. The currency is likely to weaken as market optimism of... Show More
Aussie market pulled back after an opening pop before making a slight recovery to finish negative. The global markets are in a confused state as indices reach stretched valuation levels on low interest rates while FOMC update overnight was clear as mud. We remain of the view that FOMC missed... Show More
