INVESTMENT UPDATES

Investment 6 - shutterstock_479537845 499 x 278

FEBRUARY 18, 2019

WEEKLY INVESTMENT UPDATE

Improvements in the outlook for trade negotiations with China and the avoidance of a government shutdown helped the S&P500 break upwards through the 200-day moving average this week. This was despite surprisingly weak US retail sales, but the market may well be right not to read too much into December’s result.

Australia saw a slight improvement in business and consumer confidence, but not enough to alter our central scenario...

Read more...

Weekly-investment-update-image-1

FEBRUARY 11, 2019

WEEKLY INVESTMENT UPDATE

Attention this week will focus on the Hayne Royal Commission report, due to be released this evening, and the return of the RBA from the summer break. Tomorrow’s meeting will be followed by Governor Lowe’s address to the National Press Club in Sydney on Wednesday and the quarterly Statement on Monetary Policy on Friday.

As usual, we also provide an update on some of the key data from last week including CoreLogic house prices.

Read more...

Weekly-investment-update-image-4

FEBRUARY 04, 2019

WEEKLY INVESTMENT UPDATE

As world leaders head to Davos this week for the annual World Economic Forum, the mood is likely to be less optimistic that a year ago when the global economy was enjoying low but synchronised growth. This year the global economy is slowing, particularly in the manufacturing sector. Australian and US consumer confidence also disappointed this week, while Chinese trade data revealed a significant drop in imports.

Read more...

Weekly-investment-update-image-2

DECEMBER 24, 2018

WEEKLY INVESTMENT UPDATE

This week, we review the current market moves in the context of the last twelve months. We attribute the violence of the market moves to a marked change in investor sentiment, rather than fundamentals, and that gives us reason to be broadly optimistic for returns in 2019. Australia, on the other hand, has a more complicated outlook.

Read more...

 

Investment 5 shutterstock_93500992 499 x 278

DECEMBER 17, 2018

WEEKLY INVESTMENT UPDATE

Equity markets continued to trade softer last week. There is no doubt that sentiment is depressed. But it is less clear to what extent this might be justified. This week we discuss some of the reasons behind the current weakness in global share markets, covering main the economic, political and central bank news. Coming up, the Federal Reserve will take centre stage on Wednesday night.

Read more...

 

Investment 3 _shutterstock_162290666 499 x 278

DECEMBER 10, 2018

WEEKLY INVESTMENT UPDATE

Volatility continued to rile investors this week. Two major events dominated the headlines: the weaker than expected GDP number in Australia and the flattening of the US yield curve. This week we discuss each in turn and try to place them in context. We conclude that there is a danger in inferring an economic slowdown just because the yield curve is flat. We also highlight the upcoming Brexit vote in the UK on Tuesday, which may prolong the current volatility.

Read more...