Market is back in profit taking mode as we run into the last two weeks before US Fed raising rates while Italian referendum and Austrian presidential election sets the scene for EU breakup. We have 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 is likely to be the stretched US markets!!! Global markets have had a post US election relief rally. We don’t see the inflation growing out of control in the US and the most likely scenario is that US Fed flattens out the curve after the raise in Dec. Locally we don’t see any chance of a rate rise in 2017 while rising AUD and retail price war will keep inflation lower than expected. Today’s negative performance was mainly driven by Resources and Financials while Gold, Telcos and Utilities were the only once in positive territory. For the full report… (VIEW LINK)
2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...
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