Market commentary

Around the world, plunging interest rates have led to a stampede by investors into risk assets, like shares and property. With the prices of these assets now looking quite inflated, investors need to do more research than ever to find under-valued assets. continue…

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

• 10 Comments
• save this article
• POSTED IN Editor's Pick, Market commentary

Over the past 12 months, the soaring Australian share market has made most local investors feel pretty smart. However, for most part, it was falling interest rates, rather than rising company earnings, that kept the rally going. The question now is: how much longer can this bull market go? continue…

by Andreas Lundberg Posted in Market commentary, Market Valuation.

• 3 Comments
• save this article
• POSTED IN Market commentary, Market Valuation

After recording an excellent performance in the June 2019 half-year, both the US Nasdaq and S&P 500 led the way in the December 2019 half-year with a return of 12.1 per cent and 9.8 per cent, respectively, for a return over calendar 2019 of 35.2 per cent (US Nasdaq) and 28.9 per cent (S&P 500).  And this excludes dividends. continue…

by David Buckland Posted in Economics, Market commentary.

• 6 Comments
• save this article
• POSTED IN Economics, Market commentary

With the year coming to a close, I thought it would be interesting to look at 2019 in terms of some of the movements we saw in the ASX300 and its constituents. continue…

by Joseph Kim Posted in Editor's Pick, Market commentary.

• save this article
• POSTED IN Editor's Pick, Market commentary

UK Macroeconomic Strategist Michael Wilson has penned an interesting piece entitled “Involution” which came across my desk. It was interesting enough that I thought it worth sharing in its entirety. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

• 1 Comments
• save this article
• POSTED IN Global markets, Market commentary

Our friends at Credit Suisse have fished out the crystal ball to give us a snapshot of the likely year ahead for US equities. The good news is that next year should deliver more solid returns for investors. continue…

by David Buckland Posted in Global markets, Market commentary.

• save this article
• POSTED IN Global markets, Market commentary

A combination of booming protein consumption in China, drought in Australia and African swine fever is sending meat prices sky high. That’s great news if you’re a producer. But not so good if you’re a meat eater. To paraphrase former PM, Malcolm Turnbull, there’s never been a better time to be a vegetarian. continue…

by Roger Montgomery Posted in Market commentary.

• save this article
• POSTED IN Market commentary

There are many factors which have driven the US Government Ten-Year Bond Yield down over the 35-year period from 15.85 per cent in the September Quarter of 1981 to 1.35 per cent in the September Quarter of 2016. While I will discuss these factors in more detail in an upcoming blog, what has struck me is that over recent weeks we have seen the US Government Ten-Year Bond Yield jump by nearly 0.5 per cent from close to a record low of 1.45 per cent to the current 1.93 per cent. continue…

by David Buckland Posted in Global markets, Market commentary.

• save this article
• POSTED IN Global markets, Market commentary

Growth investors are having a field day criticising the poor performance of value investing.  Their views have been bolstered by the booming price of some growth stocks – notably, profitless Unicorns – and research by two accounting professors,  found that not only had value investing failed for investors in recent years but that it had never worked. continue…

by Roger Montgomery Posted in Editor's Pick, Investing Education, Market commentary.

• 3 Comments
• save this article
• POSTED IN Editor's Pick, Investing Education, Market commentary

Our very good friend the founder and CIO of Narrow Road Capital, Jonathan Rochford, writes a terrific monthly missive about the goings-on in financial markets around the globe.

The October report had this to say about trend in corporate bonds… continue…

by Roger Montgomery Posted in Market commentary.

• save this article
• POSTED IN Market commentary