FYI | Aug 22 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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– CBA predicts Fed Funds rate to reach 1.0% end 2015 and 2.0% end 2016 (was 3.0% previously). Low inflation and Fed reluctance key reasons 2/2
– CBA sticks to July 2015 timing for first Fed rate hike, but now adopts a longer drawn out tightening cycle due to slack US labour market 1/2
– Atlas Iron (#AGO) announcing impairment charges, restructure, asset sales and financial loss. Should investors really be surprised? #ausbiz
– Overnight: #equities rally on. #Oil mixed. #Gold lower. Base #metals mixed. #ironore Iron ore down US40c to US$91.90/t A$ US93.00c #ausbiz
– Macquarie's August #China survey suggests stronger domestic supply than demand for refined #copper. Continuous contraction from property
– GaveKal's Louis Gave: it's time to recalibrate investment portfolios, the era of stronger USD has (finally) commenced http://goo.gl/6bzt1O
–#China manufacturing looks to have peaked sooner than expected, reports Danske Bank. Downside protected by more stimulus options #ausbiz
– Looking to add more Telstra exposure? Now might not be the best time, history suggests http://tiny.cc/tovwkx #ausbiz
– Overnight: #equities up, #nasdaq stable. #Oil up. #Gold down. Base #metals rally. #ironore down US70c to US$92.30/t A$ US$92.85 #ausbiz
– UBS: while stock markets are at all-time highs, valuations are not stretched and earnings continue to rise. Rally has more upside #ausbiz
– Simple advice from CIMB: only buy Arrium if you are an #ironore bull. Debt levels still too high for comfort #ausbiz
– Deutsche Bank finds local reporting season a bit weak. Resources beating forecasts, but mild downgrades for banks and industrials #ausbiz
– Deutsche Bank has initiated coverage on Xero with a Sell rating and NZ$18.90 price target; says too much blue sky being priced in #ausbiz
– Citi points out irony that spin-off assets have better growth prospects than BHP's core, in particular during upswing of cycle #ausbiz
– An interesting BHP-Billiton slide show on how the new demerged company based in Perth will look: http://www.asx.com.au/asxpdf/20140819/pdf/42rkzxsk8l6ty2.pdf … #billitondregs
– Citi: outperformance #banks ends here. Downgrades CBA to Neutral. Macquarie only Buy rating in sector. Pecking order CBA, WBC, ANZ & NAB
– Overnight: #equities rally. #Oil down. Brent US$101.60/bbl. #Gold down. Base #metals mostly up. #ironore down US10c to US$93.30/t #ausbiz
– Westpac shows little hesitation when making the following prediction about property prices in #China: "more price weakness to come" #ausbiz
– Westpac notes both new and secondary prop markets in #China now recording greater breadth of price declines than at trough of previous cycle
– Macquarie reports: We are most bullish on the USA and China, offset by lowering Europe to Neutral and Australia to Underweight #ausbiz
– UBS notes reporting season good so far, with large caps and small caps performing, but mid-caps generating most disappointments #ausbiz
– Macquarie reports earnings results thus far have on balance pushed up FY14 growth forecasts, but outlook guidances critical #ausbiz
– Citi's 4 phase bull market clock suggests entering the final phase, likely to last 2 more years. Cyclicals and large caps favoured #ausbiz
– Citi reports FY14 market earnings coming in roughly as forecast, but some trimming earnings for FY15 happening = good news overall #ausbiz
– Friday's action: #equities mixed. #Oil up. #Gold down. Base #metals up, but not #nickel. #ironore unchanged at US93.20c A$ US93.20c #ausbiz
You can add my regular Tweets on Twitter via @filapek
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