Local market flip flopped to finish flat after opening positive on US market intraday recovery. North Korea and US seem to have taken a few steps back from recent bravado talk. USD continues the slide against most currencies while the Euro leading the charge. The US Fed outlook will get... Show More
Within investing, dealing with success isn’t the problem; understanding when your roadmap isn’t working out is the hard part. If you change your mind too early, you run the risk of shutting down good ideas on what we’d call “noise”. The original thesis on Woolworths in 2015 was of over-earning... Show More
Well that escalated quickly. Whilst we always knew that publishing the names of our short positions would likely attract more attention (for better or worse), the narrative on the Platinum (PTM) leg of the MFG/PTM pair moved quicker than we expected. The last 3 weeks provide evidence to our assertion... Show More
Last week we saw a flood of Chinese data providing evidence that the world’s second-largest economy is stabilizing, with the improving economic data fueling a surge in raw material prices. In the last week the Shenzhen Composite registered a new Bull Market 20% signal, BHP put on 19%, Fortescue added... Show More
Aussie market started positive on global lead and strong commodities and finished about the same level after pulling back a bit on weak Job market update. The Chinese NPC delivered a downgrade that most would have expected on the weekend while the stimulus plans are more about stabilising fear than... Show More
Aussie market followed the global markets up again with short covering providing the extra boost. The two main sectors in banks and resources are running hard. Banks were very cheap and the GDP data turned the sentiment from recession worry to bargain hunting and yield chase. Trade deficit data that... Show More
Aussie market started negative on global sentiment and falling commodities before making a short lived recovery on the back of banks, BHP and STO. Bargain hunters and short covering saw Energy stocks and Miners bounce, but we don’t see that lasting too long. Banks bounced on better than expected decline... Show More
Aussie market went positive and really squeezed the shorts to cover and ramp up a big positive day. Greece is making all the right moves to get a deal done after the referendum, but we have all seen this before and global markets will not move much till they see... Show More
Aussie market pulled back from the 6000 index level for the fourth time in two months despite better Iron Ore prices. The global macro worries, currency wars and better than expected domestic data continues to put doubt on a May rate cut. We still struggle to see the index breaking... Show More
