Global markets

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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A year ago, I wrote an article in The Australian which set out the factors I thought would make it a very good year for equities. So far, the local market has behaved as expected – despite all the turmoil in the world – with the All Ordinaries up 13.6 per cent for the 12 months to 31 December 2021. Looking ahead, I think markets will continue to reward investors, particularly those who invest in quality businesses. continue…

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

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After hitting a record high in mid-November, the tech-heavy Nasdaq index in the US has encountered some volatility, as the combination of Jerome Powell’s reappointment as head of the US Reserve, an increasingly hawkish Fed and Omicron concerns has led to some selling. continue…

by Joseph Kim Posted in Editor's Pick, Global markets.

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Gauteng, is the region of South Africa with the largest hospitals near to where Omicron was first observed. Before we talk Omicron, note new research from Paris based thinktank Institut économique Molinari (IEM) reveals countries that protect against COVID-19 do better economically. continue…

by Roger Montgomery Posted in Global markets.

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My son, Angus, ventured into the Sydney residential market at the beginning of the year acquiring a small apartment, with what I considered to be an enormous loan from one of the Big Four. At the time the fixed four-year home loan rate was around 1.95 per cent per annum. Today, the advertised rate has jumped 1.0 per cent per annum to around 2.95 per cent. This reflects the Australian four-year Government Bond yield moving up from 0.20 per cent at the beginning of 2021 to the current 1.32 per cent. continue…

by David Buckland Posted in Global markets, Market commentary.

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