Global markets

Equity markets have borne the brunt of investor panic. Rising interest rates, the biggest bond market rout since the 80s, persistent inflation from labour shortages and consequent supply chain constipation, as well as an entrenched military conflict in Ukraine, lockdowns in China, and finally an admission from the U.S. Federal Reserve they took too long to commencing reversing hyper-accommodative monetary policy is all but a pile-on for investors desperately seeking returns above the punitive rates offered by cash. continue…

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

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Right now, there’s no shortage of pessimistic forecasts for the U.S. economy.  You need only look at recent reports from the likes of Morgan Stanley, Goldman Sachs and JP Morgan.  These bleak forecasts have many U.S. investors talking up the probability of a bear market in equities. In this environment, careful stock selection will be more important than ever. continue…

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

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As highlighted in the preceding blogs, Macquarie Bank economists, Ric Deverell and Hayden Skilling, see darker times ahead for the US economy and equity markets in general, but a mixed picture for Australia due largely to our wealth of commodities. Meanwhile, they believe China will continue to grow. continue…

by Roger Montgomery Posted in Global markets.

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In their latest global economic update, Macquarie Bank economists, Ric Deverell and Hayden Skilling, paint a far from rosy picture of the year ahead. For the US they see rising interest rates, a slowing economy and a strong chance of a recession. And their views on returns in equity markets are bleak.  If they are correct, then it’s time for investors to be extra cautious, and to focus their portfolios on quality and growth. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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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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• POSTED IN Global markets, Property

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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• POSTED IN Global markets, Polen Capital