As the valuation gap between the US and the rest of the world narrows, we see value opportunities outside the US. Show More
us markets
As Warren Buffet put it best: “Price is what you pay. Value is what you get”. And just as an individual share price can be disaggregated into earnings per share (EPS) times its PE ratio, the same thing can be done at a market index level - as we discuss... Show More
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Ben Griffiths, Portfolio Manager at Eley Griffiths Group, says that while investors must be across company specific fundamentals, it is equally important not to lose sight of the big picture. In this short video he shares his assessment of the current ‘big picture’ and how it will influence local shares. Show More
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There are several way of valuing the US stock market, such as a 12-month forward PE ratio for the S&P 500 index (currently 17.8x) and an estimate of the Equity Risk Premium (currently around 3.0%). Compared to historical averages, both of those measaures indicate a pretty full level of valuation. Show More
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Last week we blogged on our results from the June 2016 forecasts. A ho-hum result at best with the hit rate about the same as a coin flip! This week we outline our forecasts for the coming half. We've tried (but not always succeeded) in using this bloggers guide to... Show More
Aussie market started positive and moved higher before giving some back as the day went on with US worry remaining fresh. The US market DOW JONES index dropped as much as 560 points overnight before recovering to close down 250 as global market jump on shadows to sell out. Asian... Show More
I wouldn't normally blog about a down day or why this correction is taking place - there is always a reason after the fact, this time it happens to be China. No, last night (Monday night Australian time) in the USA was a LOT worse than what it looks like.... Show More
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Good Morning, Show More
Will the great American equity rally soon begin to stall? The US share market has staged a remarkable rally since it hit lows in 2009, but with the American economy now adding jobs at a stunning pace, a normalisation of interest rates has become inevitable. We believe that normalisation of... Show More