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 fiscal policy setting. Global markets are running out of stimulus hope…historically high commodity prices, historically high USD, higher rates, historically low volatility indices, rising long bond yields, rising inflation….something has to give sooner or later when everything positive is being priced in and everything negative is being ignored…US Fed and local employment update on Thursday morning may be one catalyst…pullback looks likely in the next four weeks!!! The big performers today were flipped from the recent days as Health Care supported the market while miners were the drag. 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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