Australian Shares

17

Macro Afternoon

by Chris Becker Hot money continues to wind out of long oil and into Yen and other safe havens like gold, sending Japanese stocks down while Chinese and Aussie (but I repeat myself) stocks initially rallied.  Stock futures for the US and European markets are flat alongside currencies however. In mainland China the Shanghai Composite

24

Macro Afternoon

by Chris Becker This time only mainland Chinese stocks are enjoying the feel of green, led by rebalancing in the MSCI Index as a sea of red screens swamped the rest of Asia, led by a big selloff in Australian stocks. Yen is gaining as the safe haven once more alongside a small blip higher

28

Macro Afternoon

by Chris Becker Outside of Japan it hasn’t been a fun day in Asia with most regional stock markets closing in the red, in opposition to a strong lead overnight on US and European markets. The stronger USD on the back of hawkish Fed comments is only finding resistance against the Aussie as commodities retreat

8

As global stocks soar, ASX crumbles

Dalian is wandering aimlessly today: Big Iron is mostly up: Big Gas is burning: Big Gold is correcting: Big Bubble has had its run seemingly: Big Liar is soldiering on: And a bonus chart today, hope your enjoying Australian exceptionalism: If not, try the MB Fund launching July 1st with a 70% international equities allocation. Sign

0

How to profit from the great Australian decoupling

Morgan Stanley gets it: Merging three key Australian macro slowdown themes with our quantitative regional MOST stock selection model, we highlight our best stock ideas. We also provide an update on recent factor performance and note a mid-month revival. Our timing model remains positive on momentum. Crunch time – three themes: Our domestic slowdown thesis

14

Macro Afternoon

by Chris Becker Its a bright start to the week with Japanese stocks leading the way across Asia as safe haven buyers retreated away from Yen and filled in to commodity proxies like the Aussie and Kiwi. In mainland China the Shanghai Composite is up over 0.5% going into the close at 3137 points, still

4

Is FANG a bubble?

Via Goldman: Unintended Consequences of Outperformance While FANG has dominated investor focus, the nature of the acronym has expanded more broadly to encompass mega-cap tech. Indeed, the bigger story in our view is FAAMG – Facebook, Amazon, Apple, Microsoft and Alphabet – a group of five stocks which have been the key drivers of both

25

Macro Afternoon

by Chris Becker A mixed end to the week for Asian shares with the Yen falling on the BOJ continued stimulus position, while Aussie and other markets sold off going into the close to end a lacklustre trading session. In mainland China the Shanghai Composite is down going into the close, off approx. 0.2% to

15

Macro Afternoon

by Chris Becker The negative lead overnight has turned into a mild selloff across Asia with Australian stocks falling the most after a stonking jobs report sent the Aussie dollar higher. In mainland China the Shanghai Composite is stable going into the close at 3132 points, still clinging above key support at the 3100 point

11

ASX spike linked to super deadline

Via Domainfax: Bell Potter senior trader Richard Coppleson attributed the market’s robustness to the superannuation changes taking place on July 1, which will place caps on concessional contributions. Super fund members are able to bring forward non-concessional contributions of up to $540,000 in 2016-17, but from July this falls to $300,000 for 2017-18. “With the super changes on

16

Macro Afternoon

by Chris Becker The selloff in tech stocks overnight has not affected Asian bourses as much as expected, with real caution and volatility still surrounding the outcome of the UK election and the shenanigans in the US. In mainland China the Shanghai Composite zoomed straight up after the long lunch break, reversing some of yesterday’s