Market Maker

The last two days on the ASX have been tough, losing ~ 120 points, however, we should have a strong start today, with the SPI + 28

So… Glenn Stevens listened to us and cut interest rates to a record low of 1.5%.

Today, our friends at the RBA meet to decide whether to cut official interest rates…. Over 70% of economists surveyed suggest that they will cut interest rates.We tend to agree… With inflation sitting near record lows and consumer & business confidence not improving, the RBA will cut interest rates today by 25bp

Good Morning, “A pinch and a punch”… yes, it’s the first day of the month… and boy, do we have a busy month ahead. So July was a very good month for equities…Brexit… what Brexit? A potential “hung-parliament”… who cares…. Japanese stimulus that failed to stimulate growth and a Chinese market rippled by debt….

We’ve had a great few days on markets, however, we see the recent rally losing “some steam”, as the reporting season heats up.

Global markets are being extremely resilient, especially with so much uncertainty…

The Lira fell the most in 8 years, transportation stocks fell and the Turkish index futures plummeted … down 7% in after-hours trading…

U.S. stocks extended gains at an all-time high (Dow +134 points), amid corporate results that pointed to resilience in the global economy, while Treasuries slid with the yen as speculation central banks will add to stimulus sapped demand for havens.

Today is an important day for Australia… No, we are not talking about last night’s state of origin win by the NSW team or Turnball elected for a 2ndterm…

Good Morning, Britain is about to have a new Prime Minister… Theresa May will join “the hot seat” on Wednesday, with a lot to prove and a few “things” on her to do list…This will only be seen as good news for markets, as just like Australia forming government in the past 24 hours, markets can now focus on underlying macro-related issues So what happened last night?

Good Morning, trust that you had a nice weekend and are raring to go for another busy week on markets… It’s certainly getting cold down as winter is here, but guess what?No, we’re not talking about Serena Wimbledon’s Prize Money being worth $380,000 less post Brexit…

Global markets seem to be a little “rattled” as we approach a potential “political storm” AUS doesn’t have a Prime Minister….UK’s Prime Minister has resigned and;Trump vs. Clinton is surely making employers nervous… All in all, the world seems to be “directionless” post BREXIT and this uncertainty, will only mean one thing… short-term downside.

Good Morning, today voting resumes in the AUS election…. The coalition needs several seats to form a majority government, which is looking more difficult by the hour.If Turnball was a company, his stock price in September couldn’t have been higher. The former Goldman Sachs banker had just seized the prime ministership from Tony Abbott in a party coup, blindsiding a conservative bloc within Australia’s ruling coalition.

Good Morning, trust that you had a great weekend and Happy 4th of July… No, it’s certainly not our independence day, but judging from the AUS election results over the weekend, getting legislation passed via the Senate is certainly going to be more difficult. It was 2010, when we last had a “hung” parliament and markets certainly don’t like “uncertainty”, so expect some nervous days ahead for both the ALP and Coalition…

Good morning, yes it’s the first of July and an election is upon us… who will win? It will be a close call….So what are the implications for spending, the economy, education and health? Lots… what we do know is the uncertainty of a potential “new leader” ay impact monetary and fiscal policy short-term..Markets up overnight, SPI up 50 points…

Good Morning, happy 30th of June… Yes, it is the end of the financial year today and aren’t we glad, especially after the past week….. Pre pay your interest, look for some tax deductions and contribute more to super… this is your last chance before next FY year…

Good Morning, this is what we like to wake up to………. Dow +260 points… SPI Futures + 57.. Oil + 3.48%A “Brexit” bargain hunt! Everything is up for sale…

Merkel didn’t wake up too happy this morning…

Financials had the biggest one-day fall since 2001…

In only a few hours, we will know whether the Brits will “Remain” or “leave” and early votes that are starting to come in, are showing a move to the “Bremain” camp….

Today in the UK its “D-Day”……

George Soros, the “genius” behind the 1992 “collapse of England”, came out swinging last night stating that a “Brexit” would be catastrophic for markets and that the GBP would be 1:1 vs. the EUR…

Eddy “slips” and now Holden want to cut sponsorship with the Collingwood football club….

Good Morning, trust that you had a great weekend and are raring to go for an “eventful” week on markets…. So yes, we arrived safely from our hiking adventure (not before we got lost for ~ 3 hours, found ourselves surrounded by 4,000+ leeches and had to hitch-hike back to the car, as it was pitch black and we were 12km from where we started)…. Overall a good adventure…. So what can we expect this week? It’s all about the Brexit…

Good Morning, happy Friday…. Yes, it’s been a short week due to the public holiday on Monday, but boy, it sure has been an eventful one…..Not for the right reasons… a Brexit, a Grexit or a non-event..  do we really care? Well… markets do… and we expect focus over the coming days to be on Britain and whether they will stay or go…

Good Morning, did you know that China spends more on infrastructure than the US and Europe combined? So will the potential “Brexit” alter spending and adversely impact global consumer and business confidence?Yes… short-term for sure… so would we prefer a Brexit and a Trump or just a Brexit?

Good Morning, US stocks retreated for a fourth day (Dow Jones -37 points), the longest since February, amid growing uncertainty about the UK's future in the European Union and as investors awaited Wednesday's Federal Reserve announcement.  Now…. Let’s take a step back and talk about this possible “Brexit” on the 23rd of June ……. Firstly, the pending outflows coming out of England and Europe would make Greece’s exit from the EU seem like a small needle in the Atlantic ocean…

Good Morning, for those of us that had a long weekend, welcome back to reality! It certainly was a great break (that extra day certainly makes a difference), but it’s time to get back to the grind…. So what have we missed?A lot…..  And it’s not great news…. It kicked off with Trump telling Obama to resign…

Good Morning, yes, it’s Friday…. This week, we’ve seen US stocks trading near all-time-highs, where the ASX continues to “grind” and just doesn’t want to “follow through”…The ASX reached over 6,700 points back in July 2007 and is still ~40% from its highs, where US and European markets have surpassed their 2007 highs by well over 30%.So does this “70% underperformance” have to do with political uncertainty? Interest rates that are “relatively high” vs. G20 or just confidence?

Good Morning, the US continues to “march on” higher (Dow +66 points) and us Aussies are finding hard to follow through… Let’s hope that we beat those yanks in the pool @ RIO…  We certainly need something to “brag” about……. Global stocks are trading near their highest levels of 2016, having rallied since February as commodities recovered from a quarter-century low to enter into a bull market this week.So what’s next?

Good Morning, the S&P 500 Index rose to the highest level since July (Dow Jones +17 points), as crude settled above $US50 a barrel and the US dollar weakened to a one-month low on speculation that the Federal Reserve won't rush to raise rates amid moderate growth in the world's largest economy. Once again, the US market continues to “outperform” us Aussies…… Why? AUS GDP released only a few days ago showed that GDP rose 1.1% last quarter, on track for >3% annualised.. that’s good, right?

Good Morning, Yellen speaks, markets go up? Yellen, did you have a strong coffee last night and a red bull to go with it? Don't bet on the end of the bull market just yet….. US Markets rallied last night (Dow Jones +113 points), as commodities continued to run….. In London, Anglo American +11%, Rio +6.4%, BHP +6.3%, Glencore +6.2%... RBA interest rate decision today… will they cut again? Highly unlikely…