December 2024
Why investors should be cautiously optimistic about 2025
Against a backdrop of benevolent macro-drivers, investors may need to confront a new set of forces.
April 2024
Where to shop for opportunities in the retail sector
Consumer spending may start to turn around from mid-year, throwing up opportunities in retail companies.
March 2024
Rates should start dropping within a year even if inflation is sticky
Sticky inflation will potentially keep rates at between 2.5 per cent and 3.5 per cent.
February 2024
Politics and your portfolio (and why it might matter this time)
Elections all over the world mean this is the year when even a constructive backdrop for markets is likely to be challenged by geopolitical changes.
December 2023
This CIO to the rich reckons small caps are the next big thing
Small and mid-cap stocks have potential to grow and therefore add alpha to portfolios.
November 2023
Where to look for opportunities in Australia’s macro-outperformance
Even with its latest downgrade, the IMF expects our growth to average 2 per cent over the next five years, toward the top end of developed market peers.
October 2023
Higher allocation to government bonds ‘still compelling’
Central banks and markets are facing off over bond yields, but policymakers are clearly signalling a peak in interest rates.
September 2023
These are the stocks to back in a less productive jobs market
Likely winners are energy, utilities, building materials and steel companies, but those in transport, food production and engineering won’t fare as well.
August 2023
The three things you need to know about ‘soft-landing’ thesis
Given how resilient the global and local economies have been, negative developments may have a larger impact on investors than consumers.
July 2023
Three reasons to lock in high yields now
In a world of geopolitical and inflation volatility, the opportunity to add regular income yielding 5-7 per cent won’t last forever.
June 2023
Inflation’s sticky grip: why central banks are coming back for more
Markets are delaying predictions of hoped-for interest rate cuts until early 2024, with more increases ahead if inflation pressures don’t dissipate faster.
May 2023
How the minimum wage decision will affect your portfolio
Increasing wages at the same pace as inflation – without improving efficiency – opens the door to a spiral that would likely need much higher rates to reverse.
April 2023
Why the Aussie dollar is holding its own in volatile times
If the Australian dollar is showing signs of greater stability, it may also deliver less downside protection in risk-off periods by not falling as much as in the past.
March 2023
Why this is not a rerun of the global financial crisis
The closure of SVB and Signature Bank, and the sale of Credit Suisse, reflect idiosyncrasies that are not indicative of broad-based global systemic issues.
February 2023
What ‘higher for longer’ would mean for your portfolio
Investors should remain vigilant to the trajectory of corporate earnings and be wary of the lagged impacts of monetary policy.
January 2023
‘Softer landing’ more plausible but far from certain
For markets, despite a likely poor macro backdrop, there’s every chance that a steadier rate environment proves a panacea.
November 2022
Rate peak is in sight, but pain will linger
With peak interest rates in sight, a more constructive baseline for markets should unfold as we enter 2023.
September 2022
Uncertainty no excuse to do nothing to your investments
Slower growth, higher inflation, higher interest rates and persistent volatility leave a laundry list of opportunities.
August 2022
Wages outbreak not as scary as you think
These are the two factors that should keep wages under control.
Three reasons inflation could be lower by next year
If it’s peaking, there are opportunities for investors in fixed-income and long-duration equities, including quality tech stocks.