The last mile
Key themes and stocks discussed today: US benchmarks finished modestly in the green as investors moved to the sidelines ahead of the highly anticipated Nvidia result due tomorrow. The key PCE inflation gauge is due on Thursday. Both results will set the market pace this week, although the PCE gauge will likely confirm the disinflationary trend. […]
Powell Confirms September Rate Cuts as Stocks, Bonds, and Commodities Rally
Good morning, Stocks and bonds rallied Friday after Jerome Powell confirmed in a dovish speech the path was clear for rate cuts to commence in September. Mr Powell said that the “time has come”, leaving no further doubts that the Fed now has an easing bias after mentioning that the Fed was cognisant of a “cooling labour […]
WebCast: Currencies Break Out Against US Dollar as Gold Reclaims Hedge Role
Major currencies are breaking out on the upside against the dollar after multi-decade bear markets. Back in the day, gold was an age-old hedge, and will Gold continue to PLAY THIS ROLE? Topics Being Discussed: S&P500 – bull market is continuing but risks are rising into September/October. What can we expect from Jerome Powell’s speech […]
251187721723400499
251187721723400499
Green light
Key themes and stocks discussed today: Financial markets had a monumental day on Wednesday. Two important central bank decisions triggered huge rallies in equities, bonds, and commodities and a selloff in the US dollar against the yen. Geopolitical tensions surged in the Middle East between Iran and Israel, boosting Comex gold futures up to near-record highs. Fed […]
US Stocks Rally as Dollar Weakens, Russell 2000 Breaks Out
Good morning, The rally in US stocks reasserted on Friday, with breadth improving considerably despite the disappointing first round of earnings from some of the major banks. About 80% of S&P500 constituents gained on Friday, while the Russell Small/Mid-cap index lifted over 1%. Bonds were firmer, with yields edging lower. The assassination attempt will dominate the media […]
Sounding the alarm
Bond markets came under pressure at the long end of the curve. While the 2yr remained flat at 4.76%, the 5yr, 10yr and 30yr all rose 5 bps to 7 bps to 4.43, 4.47%, and 4.63%. This followed a selloff in Europe, where German and UK yields were all sharply higher. Fed New York President […]
Is the commodities correction over?
Wall Street extended higher, driven by mega-cap tech after softer labour data galvanised expectations for September rate cuts. Bonds rallied with yields lower across the curve, which also weakened the US dollar. Commodities jumped. Gold and silver staged decent upward dynamics, which potentially marks the resumption of upward momentum following a six-week correction. The Chinese Nasdaq Golden […]
Angus Geddes: Central Banks Risk Recession, Commodities Poised to Surge
Our CIO Angus Geddes, discussed his concern that the central banks may be slow in adjusting the rates, potentially pushing the economy over the edge before necessary action is taken. He notes the indications of an economic slow down, such as rising unemployment, trending downward inflation, and the inversion of the yield curve which traditionally […]
Wall Street Rallies on Softer Inflation as Commodities Retreat
Good morning, A benign read on US inflation and data pointing to a slowing economy was all Wall Street needed on Friday to close mainly in the green, with the Dow Jones having the best daily gain this year. Investors are joining the “dots on inflation” and lowering the downward trend. The annual headline and […]
Asian Market Outlook: Opportunities, China’s Turnaround & Top Stocks
Our CIO Angus Geddes with CEO Patrick Ganley discussed provide an in-depth analysis of the current Asian landscape. Topics Being Discussed: ✓ Asian opportunities: Key trends and investment possibilities in commodity. ✓ What’s driving the China turnaround? ✓ How to play in Asian markets. ✓ Fat Prophets’ Asian Managed Account: Our strategy and top 12 stocks. Share The Webinar Related Posts […]
China & Hong Kong Markets Poised for Rebound: Angus Geddes on Ausbiz
Our CIO Angus Geddes joined Ausbiz interview. He sees strong investment opportunities in the Chinese and Hong Kong markets, which, despite declining 60% over the past five years, are poised for a rebound. He is optimistic about China’s economic outlook, citing strong GDP growth, consumer spending, and government actions on the property market. Geddes highlights […]
