Trends & Opportunities

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…

Global regulatory cannabis stocks

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…

Outlook 2023: 5 trends to watch

As it matures and evolves across asset classes and geographies, Andy Howard, Global Head of Sustainable Investment, considers the future of ESG and impact. Climate change and political will Natural capital Cost of living and other social stresses Active ownership and impact Regulation With the world continuing to emerge from Covid-19 lockdowns, cracks in economies,…

Silver mining stocks fundamentals

Silver and its miners’ stocks have had a tough year. They plunged with gold in spring and summer as extreme Fed tightening catapulted the US dollar parabolic. The resulting deep lows left this tiny fringe contrarian sector deeply out of favor, but it has started recovering in recent months. The major silver miners’ upside potential…

Mining graduates are a crucial green building block

Winning the hearts and minds of a generation of graduates – and the universities they attend – is the latest challenge facing the mining industry as it struggles to deliver the metals the world needs for the net zero transition. In the search for a successful green transition over the next two decades, the world…

Can Beaten Down ASX Betting Stocks Recover?

In early November financial websites in the US were citing the latest likelihood of a recession in the US from the Bloomberg Economics model projections. The reading has escalated from the prior 65% likelihood to near certainty status of 100%. As a regular follower of global financial news would suspect, uniform consensus on the timing…

3 resilient stocks with pricing power

Perpetual Asset Management Australia’s team of analysts have spent much of 2022 running the rule over those ASX-listed companies that are likely to outperform in a higher inflation and interest rate environment. However, with volatility set to continue, we asked them to name three resilient stocks they think will likely withstand changes in the market…