FYI | Aug 29 2014
By Rudi Filapek-Vandyck, Editor FNArena
I like to question the ruling logic that goads the herd, or at the very least stimulate independent thinking. There's a big difference between playing market momentum as a short term trader and trying to figure out what the best asset purchases are for longer term investing.
Since 2012 I maintain my own feed of quotes, comments, responses and market insights via Twitter. Not everyone is on Twitter, which explains the requests to make my Twitter items also available through the newsfeed on the FNArena website.
Usually I combine all Tweets from the week past in one weekly story. Below are my Tweets from the week past. Enjoy.
Investors can follow me on Twitter via @filapek
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– Macquarie: steel demand conditions #China appear softening, threat of destocking presents near-term downside risk #ironore prices #ausbiz
– Overnight: #equities down. #Oil mixed. #Gold higher. Base #metals weaker. #ironore slides to US$87.30/t. A$ US93.58c #ausbiz
– Morgan Stanley reiterates there will be no collapse in #ironore prices; foresees return to mid-US$90/t before long #ausbiz
– #Tin has been the second worst performing base #metal in 2014 and Macquarie sees no swift turaround looming with plenty of supply around
– Citi has turned bullish on thermal coal, sees price rallying into year-end (after eight dismal months) #ausbiz
– Overnight: mixed. #Equities stable, mixed. #Oil mixed. #Gold stable. Base #metals mixed. #ironore now at US$88.20/t. A$ US9334c #Ausbiz
– Danske Bank research suggests there is structural element to slow down in #China housing markets, anticipates slow recovery only #ausbiz
– ANZ Bank also anticipates #ironore price will spike back above US$100/t before year-end, but also notes supply to remain important #ausbiz
– WilsonHTM anticipates FY15 year of no growth for Nearmap. Risks seen as high. US entrance will not add growth short term #ausbiz
– UBS confident restocking in Nov-Dec will push #ironore price back above US$100/t #ausbiz
– Morgan Stanley agrees with other brokers: weakness in Virtus Health is buying opportunity. Upgrades to Overweight, target $8.89 #ausbiz
– Has Telstra now become the default, go-to destination for yield seeking investors? I think the answer is affirmative http://goo.gl/4k8w0x
– Overnight: #equities continue climb. #Oil mixed. #Gold up. Base #metals mixed. #ironore at 12 month low, US$88.90/t A$ US93.06c #ausbiz
– Overnight: US #equities new all-time highs. #Oil mixed, #Gold down. No #metals trade #ironore down US90c to US$89.20/t A$ US92.90c #ausbiz
– Remarkable: JP Morgan's Resources versus Financials Timing Model still favours the latter #ausbiz'
– Credit Suisse has kicked Fortescue out of its Long Portfolio (total losses incurred 21%) and replaced with iiNet #ausbiz
– Friday's action: #equities mixed weaker. #Oil down. #Gold up. Base #metals mixed. #ironore down US$1.80 to US$90.10/t A$ US93.1c #ausbiz
You can add my regular Tweets on Twitter via @filapek
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