Xmas Cheer

The Week in Review Wall Street inched further ahead last week as generally favourable economic headlines across the global continued.  We learnt last week that US small business confidence surged to very high levels, Chinese economic data continued to tick over nicely and US core consumer price inflation remained benign. Washington is also getting closer

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$A looking vulnerable

The Week in Review The past week was one of consolidation for global markets following confirmation that the US Senate managed to pass it own version of the tax cut bill.  There’s now likely to be a week or so of haggling as both chambers of the US Congress attempt to reconcile their differences and

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Global Market Outlook

Global Market Outlook: Property bounces

Month in Review Global equities enjoyed another good month in November, reflecting ongoing positive economic data and still relatively low global inflation and bond yields.  Prospects for a US tax cut also helped to buoy sentiment over the month, while geo-political risks – such as North Korea – remained contained. The MSCI All-Country Equity Index

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Gift that keeps on giving

Week in Review Not even another North Korean missile could hurt markets last week, with Wall Street instead buoyed by the prospect of the US tax the tax cut. The Senate’s final vote came after the market’s close – so will likely be (yet another)  positive tax story for markets on Monday. Indeed, the slow

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Hybrids: The importance of active management

Due to their attractive franked income returns, usually relatively low capital volatility, and ready availability through the Australian Securities Exchange (ASX), hybrid securities have been a popular choice with Australian retail investors over recent years.  That said, while until recently investing in hybrids directly was the primary method available to investors, this note outlines the

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Steady as she goes

Week in Review lt was a relatively calm week across global markets with few major events of note.  The quiet nature of the market reflected America’s focus on Thursday’s thanksgiving holiday, little major economic data, and postponement of further debate on US tax cuts until this week. One major market move of note was a

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Far from middling performance: How the EX-20 Index has outshone small and large caps

Although the Australian sharemarket has delivered relatively sluggish performance in recent years, one standout area in terms of returns has been EX20 stocks, as broadly captured by the BetaShares Australian EX-20 Portfolio Diversifier ETF. Not only has this exposure outperformed the largest market-cap stocks in Australia, it has also outperformed smaller cap stocks.  This performance

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Tax Cut Blues

The Week in Review It was another modest “risk off” week for global markets, largely reflecting ongoing concerns with US tax cut plans.  While the US House of Representatives and a key Senate committee passed versions of a plan last week, the Senate is still not expected to vote on their version for at least

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ASX breakout

Don’t miss my quarterly webinar on global markets and the economy this Thursday at 12.30pm (Sydney time). You can register here!  The Week in Review The two key highlights in markets last week were the upside breakout of the S&P/AS 200 Index (through previous resistance at 6,000 points), and a moderate “risk-off” move globally due

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