2019 – a list of lists regarding the macro investment outlook

From

Key points Despite continued volatility, 2019 is likely to be better for diversified investors than 2018 was. Recession is unlikely and so too is a long and deep bear market in shares. Watch the US trade war, the Fed, global business conditions indicators, Chinese growth, politics and the Sydney and Melbourne property markets. Introduction 2017 […]

continue reading

Weekly market update – week ending 11 January, 2019

From

Investment markets and key developments over the past week Since our last weekly update three weeks ago investment markets have been on a bit of a roller coaster ride, with Santa missing Christmas for markets but arriving the day after. Global shares led by the US continued to plunge into Christmas as the US saw […]

continue reading

Weekly market update – week ending 7 December, 2018

From

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 […]

continue reading

Weekly market update – week ending 30 November 2018

From

Investment markets and key developments over the past week US shares rose 4.8% over the last week, their strongest week December since 2011, helped by increasing signs from the Fed that it is open to pausing or slowing its interest rate increases. This helped push Eurozone shares 1.1% higher and Japanese shares 3.3% higher. Chinese […]

continue reading

Weekly market update – week ending 23 November, 2018

From

Investment markets and key developments over the past week Share markets remained under pressure over the last week with many falling back to or below their late October lows on worries about trade, tech stocks and global growth. Despite the risk off tone bond yields were little changed but the oil price remained under pressure […]

continue reading

Weekly market update – week ending 16 November, 2018

From

Investment markets and key developments over the past week “Risk off” returned with a vengeance to financial markets over the last week with most share market falling and bond yields declining as last month’s worries returned, tech stocks came under renewed and the continuing plunge in the oil price weighed on energy shares. Australian shares […]

continue reading

Weekly market update – week ending 9 November, 2018

From

Investment markets and key developments over the past week Share markets mostly rose over the last week, helped in particular by a favourable reaction to the US midterm elections. Chinese shares remained under pressure though. Bond yields continued to rise reflecting the “risk on” tone from investors and as the Fed showed no signs of […]

continue reading

Weekly market update – week ending 2 November, 2018

From

Investment markets and key developments over the past week Share markets bounced back over the past week helped by good US earnings results and a lessening of trade war fears following comments from President Trump after a phone call with President Xi Jinping. Reflecting the risk on tone bond yields generally rose, but while the […]

continue reading

Weekly market update – week ending 26 October, 2018

From

Investment markets and key developments over the past week Most major share markets fell over the past week as worries about the global outlook continue. Chinese shares rose though thanks to stimulus measures. Bond yields fell on safe haven demand and while iron ore prices rose, oil and metals fell. The $US rose and this […]

continue reading

Are shares expensive?

From

Key points Starting point valuations for shares matter a lot in terms of medium-term return potential and vulnerability to share market falls. Basically, the cheaper the better. Developed market shares are not dirt cheap (and haven’t been for several years) but on most measures they are not at overvalued extremes. US shares are most at […]

continue reading