Australian Shares

AUD has held overnight gains: Bonds are still bid: ASX200 is up a half percent, still lagging the US.

The MB Fund S&P500 long is the gift that just keeps giving.

Yes, yes, we all know that MB is the Australian doomsayer.

by Chris Becker Risk is back in Asia, although you wouldn’t think it using the Aussie dollar as a risk proxy, as it heads to a new five month low.

By Chris Becker Markets absorbed the news of Janet Yellen’s resignation overnight, somewhat because its just procedural as Trump’s nominee Jerome Powell will take over at the end of her tenure – but in the main because its likely her replacement will effect the same type of monetary policy.

Via BofAML today: Bull market in S&P500 would become the longest ever on August 22, 2018 (and the second biggest ever at 2863 on S&P500) Equities have only outperformed bonds for seven consecutive years on three occasions in the past 220 years (the last time was 1928 – Chart 1).

by Chris Becker Not a good start to the week for risk as Asian stocks fall in reaction to weekend news of troubles in forming a new government in Germany, combined with fallout from Chinese authorities warning about their own overheated markets.

The AUD is under clear pressure: Bonds are bid: But the shitty ASX can’t catch a  bid: Dalian is firm at the open: Big Iron flattish: The Pensioner Killers are rising.

By Chris Becker  It’s coming up to Black Friday (or Weekend, or Week, depending on how desperate the retail outlet is) which could be an apt description for the current trajectory of stock markets around the globe.

by Chris Becker The USD has stalled and turning tail against Yen, but not the Aussie dollar which now looks finished.

The ASX is struggling to regain momentum today,  up a measly 20 points: Despite the AUD trading at the lows: As the yield spread to the US on the two year hit just 8bps.

By Chris Becker   A big rebound in risk overnight as earnings in tech stocks combined with a drop in opposition within the GOP ranks on their tax bill mean the largesse is now more likely than ever.

Following yesterday’s Domain float, it’s a more than fair question given the prima facie similarities between the business models.

by Chris Becker A recovery of sorts in Asia today with most stock markets lifting as selling sentiment exhausted itself.

The ASX is down again today It remains to be seen whether former resistance will become support around 5950.

By Chris Becker Last night saw the latest US CPI print come in on target but the USD fell again as oil prices weighed alongside the inability of the GOP Congress to get its low tax for the rich and screw everyone else bill off the floor.

by Chris Becker While it was a “yes” here in Australia, Asia is saying no to risk with stock markets continuing to selloff amid a broadening correction.

Suddenly there appear to be false breakouts everywhere on the ASX.

By Chris Becker Last night saw a raft of European-centric economic releases, with 3Q German GDP powering ahead while UK inflation remained high, sending Pound Sterling higher.

by Chris Becker Another poor session here in Asia with most stock markets off again as risk seems to be off the able in prepositioning for a slew of key economic prints and central bank talkfests in the coming sessions.

Not sure why but the ASX is puking back below 6000 today: Dalian is quiescent: Big Iron is melting: The Pensioner Killers copping it: Big Gold is OK: Big Sleazy shellacked: And Big Cocksucker slammed: Perhaps political instability and the prospect of Labor reforms?

By Chris Becker A muddled start to the week with a mixed lead in Asia causing Europe to trip over while the US held somewhat steady in the face of growing internal and external pressures.

by Chris Becker Not the best start to the week here in Asia, with most stock markets either in the red or putting in scratch sessions in response to a tepid night on Wall Street on Friday.