How can Australian investors profit from China’s reopening?
Three years ago this month, the Chinese government imposed a lockdown in Wuhan and created travel restrictions for every city in the central province of Hubei. It was totally unprecedented at the time, but eventually, ‘lockdown’ became a word all of us became way too familiar with. Now, after a period of mass unrest, Beijing…
Healthcare Stocks Rising
For much of the trading year, investors in ASX listed companies have seen shares of their investments rise or fall because of the “lead” of US stock markets. There are those within the global financial community who feel US markets exert an undue influence as a “lead in” to their own markets. Here in Australia…
Is Gold’s bull run just starting?
Gold has powered higher smartly over the past couple months, achieving big gains. But this gold buying is only starting, implying this young upleg still has a long way to run yet. Speculators’ gold-futures buying remains modest, while much-larger identifiable investment buying hasn’t even begun. Traders will have to increasingly chase gold’s upside momentum to…
Is It Time to Buy Technology Stocks?
The 2022 Trading Year mercifully faded into history, but the damage done to a wide array of stocks in exchanges around the world will be slow to erase. Here in Australia, technology stocks followed the lead from the US with crushing results. High interest rates are not kind to tech stocks so the drastic drops…
Can Post COVID 19 Losers Come Back
The COVID 19 Pandemic wreaked havoc in multiple ASX business sectors, among them retail. As companies closed their doors sending their employees home to work and brick and mortar stores shuttered their doors one by one, investing opportunities with internet only e-tailers and to a lesser extent with multi-channel retailers with a robust online sales…
Gold defies a hawkish Fed
Gold defied another hawkish Fed decision this week, consolidating high in its immediate wake. That was an impressive show of strength, after this extreme Fed tightening cycle hammered gold for a half-year or so. That strong performance reflects gold-futures speculators’ weakening resolve to keep shorting. With their long-side selling exhausted, they have massive mean-reversion buying…
Opportunity knocks in domestic credit markets
Throughout 2022, we have observed increases across all the major components of fixed income return (bond yields, swap spreads and credit premia) and this has made for a challenging period to navigate for credit investors. However, as Michael Korber, Perpetual’s Managing Director, Credit & Fixed Income, explains, it is from these conditions that we can…
The Vegas of the East at a crossroads
The chips are down for China’s casino capital. Macau’s tourist numbers have dwindled amid Covid restrictions, to the point that the city is about to hand back the crown it nabbed more than a decade ago from Las Vegas – a stunning reversal when you consider that at one point Macau’s casino revenues were more…
Cannabis Stocks – Buy, Hold, Sell, or Stay Away
On 17 October of 2018 Canada became the first developed country to legalize the regulated sale of recreational marijuana. Predicting the “next big thing” is a favored pastime of countless market insiders offering their opinions on financial websites. The Canadian announcement had been anticipated for some time, resulting in a massive rush from Canadian cannabis…
ASX Retailers on Sale
Conventional wisdom suggests in the face of crippling inflation and rising interest rates consumers will curtail their spending. In the all-important US markets, conventional wisdom appears to be dead wrong. From the US website ycharts.com: July and September were the only months year to date where US consumers decreased their spending slightly. By October consumer…
