FYI | Sep 19 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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– Noteworthy: Deutsche Bank continues to see the RBA on hold over the rest of this year, all of next and the first half of 2016 #ausbiz
– UBS Technical Analysis:US market still on way into important tactical top, argue against chasing the SPX higher from current levels #ausbiz
– Citi strategists retain mid-2015 target for ASX200 at 6000 with AUD/USD decline expected to provide additional earnings growth #ausbiz
– Overnight: US #equities up. #Oil, #Gold down. Base #Metals lower. #Ironore down 1.4% to US$83/t. A$ US89.94c #ausbiz
– Danske Bank: it appears credit-constrained developers #China are increasingly being forced to liquidate inventories of unsold homes #ausbiz
– Danske Bank: decline house prices #China appears more severe than declines in previous two downturns in 2008/09 and 2011/12 #ausbiz
– ANZ predicts the current downward trend in the #China property prices will be extended to next year. Expect more support from authorities
– ANZ says recent moves will help improve #China growth momentum but unlikely to provide turnaround growth without further easing policies
– Trading tip from Morgan Stanley: ANZ Bank shares to underperform the index over the next 60 days #ausbiz #investing
– Trading tip from Morgan Stanley: Woodside expected to outperform the index over the next 30 days #ausbiz #investing
– Overnight: US #equities up.#Oil down. #Gold stable. Base #metals mixed, mostly lower. #ironore down US30c to US$84.20/t A$ US89.60c #Ausbiz
– Citi lowers #China GDP growth forecasts to 7.3% this year (from 7.5%) and 6.9% next year (from 7.1%) to reflect policy reluctance #ausbiz
– Local share market is more expensive than it looks face value. No coincidence some are raising cash levels http://goo.gl/lnez2a #ausbiz
– Investors note: soothing words about #China policies' impact on thermal #coal not shares by CBA where analysts foresee noticeable impact
– Delving deeper into US corporate results, Macquarie concludes: earnings momentum continues to improve and support capital returns #ausbiz
– Overnight: US #equities bounce. #Oil up. #Gold up. Base #metals up. #ironore down US70c to US$84.50/t. A$ US90.95c #ausbiz
– Notes Deutsche Bank: #Commodities have maintained their status as the world’s worst performing asset class so far this year #ausbiz
– Clarifies DBS: The Fed never ‘injected’ US$3.5 trillion into the economy. It laid out a US$3.5 trillion bowl of water that nobody drank
– Avoiding Small Caps with Downgrades is the Momentum Trade, report Quant analysts at JP Morgan #ausbiz
– Macquarie: It’s increasingly likely top leaders in #China will have to lower next year’s growth target this Dec, likely to 7% #ausbiz
– Macquarie remains bullish on global #equities (favour USA) and suggest investors keep climbing the wall of worry as the Fed hikes #ausbiz
– Raymond James reports most advisors are confused with markets, 77% of all active Portfolio Managers are underperforming the S&P500 #ausbiz
– Overnight: Nasdaq down, US #equities stable. #Oil, #Gold up. Base #metals lower. #ironore jumps 3.9% to US$85.20/t. A$ US90.31c #ausbiz
– Dennis Gartman stands aside from #equities. Finds technical picture disconcerting and notes higher volumes on down days #investing #ausbiz
– BA-ML sees limited cuts to #ironore production at current prices given optimism about a rebound, surplus capital accrued from 2013 #ausbiz
– CIMB advises investors: Buy cyclicals, not #Resources as a trade out of Banks and other high-yield defensives #ausbiz
– Friday's action: #equities weak. US 10-years up 6.09bp to 2.61%. #Oil, #Gold lower. Base #metals up. #ironore up 10c to US$82/t. A$ US90.07c
– A new global trend: economists expressing their concern #China will not reach targeted 7.5% GDP growth this year. Weekend data soft #ausbiz
– Something to consider: Research shows lower-risk stocks tend to yield higher returns, in flat contrast to the CAPM theory (JPM) #ausbiz
– ANZ Bank probably sums it up best: "SHORT OF FURTHER EASING, #CHINA WOULD MISS 7.5% TARGET". Nothing to add, really #ausbiz
You can add my regular Tweets on Twitter via @filapek
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