They also discuss our approach towards markets for the remainder of the calendar year and why.
Ian Gillies talks with Will Hamilton about the Capital Economics in London call that they recently pointed out that the rebound in equities is justified based on the strength in corporate profits, especially in the US, but noting that this profit rebound has not been as pronounced in markets such as Europe. They discuss this as well as:
- One of the anomalies at the moment is the Australian Dollar.
- Australian Equity market valuations.
- and, a reminder that cycles always exist.
John Green talks to Will Hamilton, as we near the Federal Election and there are two questions that are dominating discussion:
1. Are we at the start of a global slowdown in growth?
2. Where is Australia positioned if we see a global slowdown?
Before we get to the stage of a slowdown dominating discussion, we could well see a melt up in equity markets. This is on the back of the “dovish tilts” being adopted by central banks, leading to talk of possible interest rate decreases in the United States, Australia, Canada and New Zealand.
Will Hamilton talks to Ian Gillies about the Federal Budget brought down on the 2nd April.
The budget does return to the Black, the big question is whether this is the plan for our country for the fiscal year ahead or will we see a change of government and a “mini budget” early in the second half of 2019.
Ian Gillies talks to Will Hamilton and John Green regarding the bounce in markets as the US S&P500 has rallied over 11 per cent this calendar year and when we say fade the rally what does that mean and why?
February is also conference season for the wealth management industry in Australia, as global economists, strategists and fund managers escape the northern winter and head to the sun and warmth to provide their insights for the year ahead. We discuss as well our observations from having attended conferences last month.
John Green talks to Will Hamilton about market volatility, the UBS Global China Conference in Shanghai and why we saw markets bouncing.
Remember that equity market crashes occur when investors overestimate returns and underestimate risks. Market valuations are attractive, expectations are very low, and an awful lot of bad news is priced in.
Ian Gillies talks to Will Hamilton, John Green and Kane Baranow about our Asset Allocation position and outlook as we head into 2019.
We believe 2019 will be about the change from quantitative easing or QE to quantitative tightening or QT, with the balance sheets of major developed market Central Banks contracting.
London-based Capital Economics reported that for the first time in over twenty-five years, 2018 was the year when all ten major asset classes have delivered negative returns, therefore as we enter 2019 asset allocation becomes absolutely crucial.
Ian Gillies talks to Will Hamilton, John Green and Kane Baranow about 2018, our asset allocation calls and asset class performance during the year, in our annual edition where we discuss what we got right and wrong, holding ourselves to account.
John Green talks to Will Hamilton about the technical Correction we have seen in Equity markets during October 2018. In addition, Will Hamilton was in Boston and New York in October and talks about his observations around the US economy, US mid-term elections and US equity markets.