Defaults delayed, not defeated
As a second wave of COVID-19 rolls around the world, both consumers and corporates remain under pressure. A flood of liquidity and prompt government action have successfully delayed many defaults, but that does not mean the default cycle is over. Having benefitted from the recent rally in credit markets, we believe it’s important to remain…
Gold tries to rebound but remains under pressure
Various fractals of pain continue to reverberate through markets this week as the most popular, yearly monthly, weekly, daily, and even possibly the most famous retail view of all time hit a brick wall at high velocity leaving many houses of pain in its aftershock. Overnight, gold rebounded above USD1,900/oz as the US dolled dipped…
Gold pulls back a little but holds above $2,000
Gold and silver pulled back on Friday but ended the week up sharply higher. The flight path for gold, which has been almost parabolic, infers some correction was possible. After President Trump’s executive order limiting business with Chinese-owned WeChat and TikTok apps, initially lent some support to bullion. But then the gold sell-off started in…
The way forward is littered with landmines
Even though markets have seemingly settled down over the last two months, investors are still faced with a difficult environment to navigate. Simon Doyle shares how in his 30 years of investing, 2020 has been one of the most difficult environments to date. I have been in markets for over 30 years, and the first…
How COVID-19 has changed the way we work
One of the many things COVID-19 has had a dramatic impact on is the way many of us work. Those fortunate enough to be able to work from home have been able to adapt to this new reality – and it certainly has been “new”. Perhaps the biggest question for both employers and employees is…
Trader thoughts – reflation the play of the day
The reflation trade continues to evolve through markets and what has generally worked in markets continues to do so. The fundamental catalysts once again have us questioning the broad moves, but as we know this is a market where we think less and go with the flow. Like many, I had considered there to be…
Victorian child care to receive lifeline
FEDERAL GOVERNMENT’S VICTORIAN CHILDCARE PACKAGE * Melbourne families in stage four lockdown will receive an additional 30 days of allowable absences from child care * Parents will not be required to pay a gap fee when their children do not attend * The government will continue to pay childcare subsidies * Transition payments for Melbourne…
CommSed Daily Report Tuesday
Latest news The Australian sharemarket is off to its best start in a fortnight, with the ASX 200 lifting by 2.04 per cent to 6,047.2, following solid gains from US and European markets and better manufacturing data. Keep in mind that shares briefly hit fiveweek lows on Monday and slumped by 2 per cent on…
Brisbane petrol prices hit 4-month high. Record lift in inflation; Job ads rebound.
Brisbane petrol prices hit 4-month high Record lift in inflation; Job ads rebound Weekly Petrol Prices; Job advertisements; Inflation gauge Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 1.6 cents to 124.1 cents a litre last week. And the national average diesel petrol price fell…
Resilient regional home prices. Solid expansion in manufacturing activity.
Resilient regional home prices Solid expansion in manufacturing activity Home prices; Manufacturing Home prices: The CoreLogic Home Value Index of national home prices fell by 0.6 per cent in July, but was still 7.1 per cent higher over the year. In capital cities, prices fell by 0.8 per cent, but were 7.9 per cent higher…
