So far, 2023 is proving to be a year of 2 phases for global equity markets. Stocks generally rallied throughout the first 7 months of the year, despite bank turmoil weighing on markets in Q1, but this upward momentum has since morphed into a correction phase.
6th Nov, 2023
The September quarter’s above-consensus reading for both headline and underlying inflation materially increases the risk of a November rate hike next week, in our view.
30th Oct, 2023
Infrastructure (and ‘infrastructure-like’) companies have lagged the broader ASX 300 since late June, amidst the ongoing headwind from rising bond yields. Despite the recent underperformance, the outlook for infrastructure remains positive, especially at this point in the economic cycle.
25th Oct, 2023
Global inflation pressures appear to be easing despite a surprisingly resilient US economy and rising concerns over the global oil price. As we detail in this report, a continued easing in inflation should (all things equal) be supportive for both equities and bonds.
23rd Oct, 2023
Recent updates from the ASX-listed general insurers, alongside the declaration of an El Niño event by the Bureau of Meteorology, have reinforced our constructive outlook for the domestic insurance sector, with our investment thesis for Insurance Australia Group (IAG) remaining intact.
18th Oct, 2023
While investors are intensely focused on the outlook for US economic growth and inflation, the strong revival from the US equity market over the past 12 months - alongside rising long-term interest rates - has thrown the spotlight back on global equity valuations.
16th Oct, 2023
Australian shares have been under pressure in recent months, largely due to ongoing strength in global bond yields. At a stock-specific level, this pullback has created attractive buying opportunities in select companies that have been oversold despite their strong fundamental outlooks.
11th Oct, 2023
The lithium sector continues to exhibit significant volatility. Critically, however, a positive structural outlook for lithium remains intact, which should support attractive long-term lithium prices and, by extension, significant cash generation from lithium producers.
27th Sep, 2023