FNArena’s Weekly Insights – August 19 2019
FNArena only started to produce detailed coverage of Australian corporate results in August 2013. In the six years since we haven't monitored one season yet in which released financial performances consist of more "misses" than "beats", but early indications are this August reporting season can possibly …
Bassanese Bites: Unnerving Inversion – August 19 2019
Inversion of a key US yield curve measure (the gap between US 10-year and 2-year Federal Government bond yields) sent jitters through Wall Street last week, as did further signs of softer economic growth in Europe and China. The global stock pull back continued as …
FNArena’s Weekly Insights – August 12 2019
August is local reporting season for Australian listed companies, but the pace of corporate results releases is so much skewed to the second half of the month that as half-way approaches on the calendar, it remains way too early to draw any definitive conclusions or …
FNArena’s Weekly Insights – August 06 2019
Coming into the August reporting season Australian equities had enjoyed seven months of uninterrupted gains, despite more than 250 profit warnings from ASX-listed companies and with underlying corporate profits (ex-iron ore miners) negative and in decline. But central bankers are cutting interest rates and reassuring investors …
Bassanese Bites: Trade tantrum – August 05 2019
Global equities slumped last week reflecting two negative events: disappointment with regard to Fed guidance and Trump’s new tariffs. A flight to safety saw long-term bond yields plumb new lows, the $A weaken, and $US and gold prices firm. The $A has now hit my …
FNArena’s Weekly Insights – July 24 2019
In the share market all that matters are corporate profits and growth, or so the mantra goes. But sometimes the direction for the share market is guided by a number of other catalysts, relegating corporate earnings to merely a secondary role. See the past twelve months …
Bassanese Bites: Fed fatigue – July 22 2019
Global equities pulled back from record highs last week – reflecting an early batch of mixed US earnings results and continuing disappointment that the Fed is still not inclined to cut rates by an aggressive 0.5% next week. Trump’s renewed sabre rattling – suggesting …
FNArena’s Weekly Insights – July 18 2019
The sharp division between investors in "Growth" and in "Value" has added yet another chapter over the past six months, despite a notable resurgence for banking stocks and iron ore miners throughout the half. But, as highlighted in the graphic below from a recent market analysis …
FNArena’s Weekly Insights – July 10 2019
One of the key characteristics of the 2019 bull market rally is not only has the uptrend been exceptionally strong, with the ASX200 Accumulation index up nearly 20% over six months, the average volatility along the way up has been unusually low at the same …
FNArena’s Weekly Insights – July 04 2019
The first six months of calendar 2019 have again superbly proved as to why this equities bull market has been dubbed "the most hated in history". At face value, equity markets have rallied by up to 20% suggesting making money from asset price inflation via the …
