“US stimulus is fading and US earnings growth should have a hard time matching 2018 levels. But with interest rates rising and political issues a concern, the quality of earnings along with valuations will be an increasingly important investment consideration.” The year ahead looks to be one of restrained global equity market performance. As the […]
continue readingLee Mickelburough, Head of Australian Equities, discusses the lessons learned from 2018 and the themes shaping the team’s 2019 outlook. What are the key themes likely to shape markets in 2019? We expect some of the dominant themes of 2018 to persist into 2019. The strong growth we’ve seen in the United States, which has […]
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12
Dec
2018
December’s volatility is a final reminder that 2018 is shaping up much differently than 2017’s tranquil markets. Kathleen C. Gaffney, Director of Diversified Fixed Income at Eaton Vance Management, notes the bond markets are in the midst of an important transition that will require new thinking going forward. “Blindly reaching for yield and other strategies that […]
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12
Dec
2018
Summary Over the past year Australian house prices have seen 12 consecutive months of decline, the longest streak of persistent falls in over 20 years. House prices are now ~4% lower than this time last year — the weakest performance in the housing market since 2012. While the performance of house prices has […]
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11
Dec
2018
Investment markets and key developments over the past week The past week has been a roller coaster ride in equity markets. Shares initially rose on the positive outcome from the Trump/Xi meeting. Then they plunged in a panic as investors lost faith in what Trump claimed was agreed, the arrest of a senior Huawei executive […]
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10
Dec
2018
Emerging markets held a relief rally in the wake of the much-anticipated meeting between President Trump and Chinese President Xi Jinping at the G20 meeting in Buenos Aires. By agreeing to a 90-day truce in their ongoing trade war, the two leaders gave Emerging markets (EM) investors the best they could realistically hope for. Eaton […]
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10
Dec
2018
While the current market cycle is mature, it is unlikely to enter a bear market recession in the next 12 months; however given it is later cycle, heightened focus on value and risk management rather than growth will be key to generating returns in 2019, say investment experts with SG Hiscock & Company. Hamish Tadgell, […]
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07
Dec
2018
For the past 17 years we have produced “The Big Issues” report – a report that has sought to highlight the issues that are expected to influence the economy over the forthcoming 12 months. Now this is no crystal ball gazing exercise. The aim is not just to forecast where certain economic variables are likely to be […]
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05
Dec
2018
Summary Volatility is back in a big way in 2018. A large increase in the VIX is showing an annual level not witnessed since 2007. The sell-off that started in October appears to have been triggered by a number of negative technical forces in the US coming into effect at the same time, which impacted […]
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05
Dec
2018
Australian investors are more confident about the outlook for investment markets over the year ahead than their counterparts overseas, and a significant number see volatility as an opportunity, the latest annual Legg Mason Global Investment Survey reveals. Australian investors see the best opportunities in the year ahead coming from domestic stocks, followed by international stocks, […]
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05
Dec
2018
Earn CPD Points
CPD: Australian housing - don't panicSummary Over the past year Australian house prices have seen 12 consecutive months of decline, the longest streak of persistent...
CPD: Australia, the lucky country (or is it?)Has Australia dodged another recession bullet? Since 2012, one of Australia’s biggest economic threats has been the collapse in mining...
CPD: Australian housing – Still waiting for the declineOver the past five years, multiple forecasters have called the decline of Australian housing only to see prices continue moving...
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