Market continues to pop up and down while sentiment remains directionless. Global macro remains uncertain with new US leadership policy settings still murky. Local economic data on labour market shows underemployment remains a big issue while the extra few hours worked moved big numbers of jobs switched from part time... Show More
Market popped on the open and fell apart from there to deliver a flat day as sentiment starts to fade on global growth outlook. Local economic data on wages growth showed that we are at historical low levels…slightly ahead of benign inflation…while households are carrying historical high debt and underemployment... Show More
Market fell from the open on global macro uncertainty before making a recovery to half the losses. The rising yields, historical high USD and relatively low volatility indices are pointing to high risk of profit taking driven by the US market. The global markets are likely to remain volatile and... Show More
Market fell as the sentiment turned negative with waning US election optimism before an afternoon rally reduced the losses for the day. Get used to higher volatility…..it is going to be with us atleast till the early part of 2017. The trend around the world in regards to cutting corporate... Show More
Market was choppy all day but finished well in the positive territory to deliver the best week since mid-July. Get used to higher volatility…..it is going to be with us for the rest of 2016. Markets have priced in the optimism from the new US leadership while uncertainty still looms... Show More
Market popped on the open to unwind the previous panic losses and then pretty much traded sideways. We are likely to see volatility remain with the global markets on both directions till clarity returns to markets. Clarity remains murky with lack of details on the US fiscal outlook and the... Show More
Market started on holding pattern and then the pain was unleashed as the votes started to pile up against what the market was pricing in. We are likely to see a few days of panic while the market settles down. We don’t see this being a prolonged negative for the... Show More
Market was mainly aimless as we lead the world on the bounce yesterday. Global markets are going to stand on the sidelines and see what happens in the biggest election circus of them all. The US election has been ugly and the outlook is for even more mess as we... Show More
Global market worries are all about US presidential election in the short term while Italian referendum and US Fed rates cycle are the next road blocks ahead. The potential end of easing cycle locally and the rate hike in US will support the yield outlook in the Australian banking sector... Show More
Market bounced hard on the news that FBI gave a clear run for the market preferred Democrat candidate for the US presidency. Every sector except gold had a bounce but market has ignored three key elements. When it comes to this US election, nothing can be discounted and nothing can... Show More
