Market Maker

Good Morning, the US continues to “march on” higher (Dow +66 points) and us Aussies are finding hard to follow through… Let’s hope that we beat those yanks in the pool @ RIO…  We certainly need something to “brag” about……. Global stocks are trading near their highest levels of 2016, having rallied since February as commodities recovered from a quarter-century low to enter into a bull market this week.So what’s next?

Good Morning, Yellen speaks, markets go up? Yellen, did you have a strong coffee last night and a red bull to go with it? Don't bet on the end of the bull market just yet….. US Markets rallied last night (Dow Jones +113 points), as commodities continued to run….. In London, Anglo American +11%, Rio +6.4%, BHP +6.3%, Glencore +6.2%... RBA interest rate decision today… will they cut again? Highly unlikely…

Good Morning, another early start this morning as we jump on a conference call to the US to discuss the next PEAK OPPORTUNITY. After a great 20% debut yesterday for SWIFT, we are building great momentum… and this one is exciting…. Oil has surged about 85 percent since touching a 12-year low in February on signs the global surplus is easing. However, the Organization of Petroleum Exporting Countries is unlikely to reach an agreement limiting production at this week’s meeting in Vienna, as the group sticks with Saudi Arabia’s strategy of squeezing out rivals…. So where is oil heading?

Good Morning, a fairly “uneventful” night last night with both US and UK markets closed for public holidays…. Trading volumes have been extremely low (lowest since 2009) and last night, didn’t help with the lack of direction.Today is the last day of May and all things considered, we’ve held up extremely well…… “Sell in May and go away”…. It hasn’t been as bad as we thought…. But what’s in store for June?

There is growing speculation that Australian banks are vulnerable…. Growing bad and doubtful debts, weak net interest margins and a property market that looks “shaky” is putting pressure on banking stocks. Global hedge funds are benefiting from this trade by increasing their net-short positions by over 18x, the highest on record… yes, even greater than the GFC… so do we agree with them? In part, yes…. We feel that bank cash earnings will remain “flat” to “negative” over the next 6-12 months and we are concerned about banks’ exposures to the small-cap junior mining and oil companies…. We also feel that banks will not be able to pay their dividends, driving share-prices lower… red alert?

Good morning. Trust that you had a nice weekend are raring to go for another busy week on markets… now that US earnings are out of the way, the key question will be what are the main catalysts that will drive markets?Global central banks have little to no “ammunition”, as both fiscal and monetary policies are ineffective…. The RBA may cut interest rates again next month but as AUS inflation is extremely low, cutting rates do not have a strong bearing on markets….. Our focus this morning is on a special opportunity, YPB… Make sure to listen to the podcast, as it is an interesting story…

Good Morning, US Stocks rallied last night (Dow + 175 points), as crude oil rallied on the back of stronger retail sales (released Friday), while Apple finally broke through its recent downtrend, following Warren Buffet’s move to potentially buy the stock… Every time Buffet opens his mouth, he impacts the market in some shape or form.… incredible…  However, analysts believe that the rally is “short-lived” as US earnings are now out of the way, paving way for focus to turn to macro-data, including whether central banks will continue to stimulate the economy…  Housing data released last night showed that the US housing market, is holding up well… but what about AUS?

Good Morning,  It looks like the storm clouds are coming… again… US stocks fell for the first time in four days (Dow -217 points), reversing much of Tuesday's rally as disappointing results from Macy's Inc. to Walt Disney Co. heightened concern that American consumers remain hesitant to boost spending. The misses from Disney and Macy's sent consumer discretionary shares tumbling the most in three months as investors await Friday's government report on retail sales. What is interesting is that the latest rally in equities has been on near all-time-low trading volumes….Implications?

Good Morning, trust that you had a nice weekend a, spent some quality time with family & friends and a great Mother’s Day…“Dear Malcolm, yesterday wasn’t all about you…. It was about our hard-working mothers, who give back so much to their families and the economy, itself… Couldn’t you have just waited for this morning to announce a 2 July Election?