Global markets

Recently, Macquarie Bank economists, Ric Deverell and Hayden Skilling, provided their much anticipated global economic update.  It includes insights into how COVID and Russia’s invasion of Ukraine are impacting supply chains, inflation and interest rate expectations. It also includes their somewhat bleak views on the outlook for property and equity markets.  I’ve summarised the key take-outs in four blog posts.  Here is the first one. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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In this podcast with netwealth, Jeff Mueller, a former US Marine, and a co-portfolio manager of the Global Growth Fund at Polen Capital, shares how a concentrated portfolio of high-quality global companies can be a risk management tool and hedge against inflation. Jeff identifies the filters and “guardrails” that all investors should consider when shaping a portfolio capable of significant growth even within inflationary and unstable environments.

by Polen Capital Posted in Global markets, Podcast Channel.

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Two recent news items on the problems besetting China’s Evergrande Group tell me that things are going from bad to worse for China’s second largest property developer. And Evergrande’s woes are not an isolated case – signs of distress are starting to emerge at other Chinese developers too. And that’s bad news for our iron ore miners, as property construction accounts for about 42 per cent of Chinese steel demand. continue…

by Andreas Lundberg Posted in Global markets, Property.

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Sitting here in Sydney, thousands of kilometers from the crisis in Ukraine, it is easy to resign oneself to helplessness. Hopefully Arnold Schwarzenegger’s appeal to the Russian people, to Russian soldiers and to Putin himself plants a seed of change.

by Roger Montgomery Posted in Editor's Pick, Global markets.

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In only a few short weeks, the investing landscape has changed, triggered by Russia’s invasion of Ukraine and the cosying-up by President Vladimir Putin to China’s Xi Jinping.  How this plays out, only time will tell. But it seems likely that the deepening divide between these dictators and the west will need to be factored into our investment decisions. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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With the new year underway, much attention has been centred on the fact that U.S. inflation hasn’t been this high since the early 1980s. In addition, expectations of tighter monetary policy have cast a cloud of uncertainty over equity markets, igniting bouts of volatility.

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by Polen Capital Posted in Global markets, Polen Capital.

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Edwin Starr’s classic 1969 anti-war song, War, asks: “War: What is it good for?” and responds emphatically “absolutely nothing.” It’s hard to argue with the sentiment. But it turns out Starr was not completely correct. You see, despite the terrifying carnage and destruction, war can often be a fruitful time to invest. continue…

by Roger Montgomery Posted in Editor's Pick, Global markets, Market commentary.

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Currently-surging US inflation has triggered a dramatic move in interest rate expectations, which in turn have inspired equity investors to reassess the risk they are willing to adopt. In the space of seven months, US short-term interest rate expectations have moved materially. continue…

by Roger Montgomery Posted in Editor's Pick, Global markets, Market commentary.

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After two years of largely uninterrupted asset price gains, January provided a rude awakening for many investors, as equity markets around the world took a tumble. And it wasn’t just profitless tech stocks that took a beating. Caught up in the carnage were some high quality businesses that saw their share prices crimped – and which now present compelling value. continue…

by Roger Montgomery Posted in Editor's Pick, Global markets.

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When Montgomery Investment Management announced its partnership with Polen Capital nearly twelve months ago, we were delighted to see their flagship fund had such an extraordinary long-term track record. And that fund – the Polen Capital Focus Growth Fund – has just celebrated its 33^rd Anniversary. continue…

by David Buckland Posted in Global markets, Polen Capital.

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