With shares coming up to the one year anniversary of their pandemic lockdown driven lows on 23rd March 2020, the attached note takes a look at where we are in the cyclical bull market in shares and the broader investment. The key points are as follows: The history of cyclical bull markets in shares suggests…
The attached note provides a review of 2020 in terms of what it meant for economies and investors and takes a look at the outlook for 2021. The key points are as follows: 2020 was dominated by the coronavirus pandemic but shares saw okay returns on the back of policy stimulus and vaccine optimism –…
The attached note covers the main questions investors have in a simple Q&A format. The key points are as follows: Share markets often lead economic recoveries so the current apparent disconnect is not that unusual. Share markets are likely to see a rotation in favour of cyclical stocks relative to growth stocks and this would…
The attached note takes a look various questions in relation to the impact of the coronavirus on the economy and the response to it, including: why does a big part of the economy have to go into “hibernation”? how long might it be for? how big will the hit to the economy be? what does…
The attached note updates our analysis of the coronavirus outbreak and what it means for the economic and investment outlook and for investors. The key points are as follows: While reported new coronavirus cases in China have slowed, the pickup in cases outside China has led to a renewed sharp fall in share markets, commodity…
The attached note provides a summary of key insights and views on the investment outlook for 2020 in simple point form. The key points are as follows: Despite ongoing bouts of volatility, 2020 is likely to provide solid investment returns, albeit slower than seen in 2019. Recession remains unlikely (it’s a bigger risk in Australia)…
How do index innovations and advisor strategies in the U.S. help shape strategies in markets around the globe? S&P DJI’s Stuart Magrath sits down with CCA Financial Planner’s Christopher Cachia to discuss key takeaways from S&P DJI’s latest FA study tour.
The attached note takes a look at the outlook for the Australian residential property market. The key points are as follows: The Australian housing market remains far more complicated than optimists & doomsters portray it to be. Yes, it’s expensive and heavily indebted but talk of mortgage stress is overstated & it’s been undersupplied. The…
The attached note looks at the US-China trade war and its impact on investment markets. The key points are as follows: The trade war between the US and China is escalating, posing a rising threat to global growth. Although we remain of the view that a deal will be reached, the risk has increased. Share…
The attached note looks at the Reserve Bank of Australia’s decision to cut the official cash rate by 0.25% to a new record low of 1.25%. The key points are as follows: The RBA’s latest rate cut is aimed at heading off a further slowing in growth which would threaten higher unemployment and lower for…