Video: World Recovery from Pandemic By Michael Knox 27 August 2020, 10:50 AM It took enormous work by both Central Banks and Governments to stop the Pandemic turning into an extended financial crisis. Read more...
Reporting season scorecards and observations By Tom Sartor 24 August 2020, 11:55 AM August has been a story of cyclical and consumer-facing stocks in particular in terms of 1) surprising overly fearful expectations, and/or; 2) being well supported by the market even if they didn’t. Whether this can continue when fiscal support scales down will be a key question as we exit August. Read more...
Reporting Season Scorecard: A decent start By Andrew Tang 17 August 2020, 3:20 PM Reporting season kicked off in earnest last week with ~13% of the ASX 300 reporting results. The low bar for earnings was clearly evident with the bulk of companies reporting either inline or above (low) expectations despite median reported FY20 EPS growth coming in at -9%. Read more...
Recovery in the Euro Area By Michael Knox 10 August 2020, 12:00 PM The rise in the Euro Area Economic Sentiment Indicators suggests a strong Q3. Read more...
A statement of recovery By Michael Knox 03 August 2020, 4:05 PM I explain the reason why I believe the government will outperform its own estimates for both 2020 and 2021. Read more...
Aussie dollar heading to over 80 US cents By Michael Knox 30 July 2020, 4:45 PM What are the biggest drivers on the Aussie dollar over the next few years? Read more...
COVID-19: Pathway to a vaccine By Derek Jellinek 23 July 2020, 2:50 PM Executives from five drug companies leading the COVID-19 vaccine race (ie AstraZeneca (LON; AZN), Johnson & Johnson (NYSE: JNJ), Merck (NYSE: MRK), Moderna (NASDAQ: MRNA), and Pfizer (NYSE: PFE)) appeared in front of the US House Energy and Commerce Oversight and Investigations Subcommittee to talk about their progress in developing a product the entire world desperately needs. Read more...
JobKeeper and JobSeeker extension By Andrew Tang 21 July 2020, 4:40 PM The government announced today that it would extend the JobKeeper wage subsidy to March 2021. What are the market implications? Read more...
Equity Strategy Update: July 2020 By Andrew Tang 13 July 2020, 3:50 PM I explore the risks and opportunities for the market, ahead of the critical August reporting season. Read more...
Asset Allocation: September quarter re-balance By Tom Sartor 13 July 2020, 9:20 AM The stunning rebound in the US equity market in the March quarter looks to have run ahead of fundamentals, particularly as the pandemic leaves complex economic questions in its wake. As such we remain on the look out to allocate more active weight toward beneficiaries of a cyclical recovery, but that looks far too early to call with the information at hand. Read more...