The “Restart” theme continues

The “Restart” theme continues. Bondi Beach is about to open, various States in the US are planning their re-openings and its fair to assume that the dominant theme for the stock market amidst the horrific/predictable/discounted economic headlines is getting the local and global economies back on the move. Generally happy to be in the market.…

Economic restart

BULLET POINTS The low point is surely behind us as the headlines turn towards ECONOMIC RESTART. But not so quick…. Boris back in charge – Boris is back on the microphone this morning making it clear that the UK are not going to prematurely lift social-distancing requirements and asking UK citizens to contain their impatience.…

Next Comes The Economic Restart

An interesting week ahead. The market fell (panicked), rallied (regained sanity) and then peaked again last week. In response to the latest ‘top’ we have run up our cash again, to 40%, and are ‘hiding like chickens’ in bigger market stocks. But not forever. The coronavirus continues to hold society in its grip, but the…

Is The Worst Behind Us?

FINALLY ITS FRIDAY Am I the only one losing track of time? I could only tell it was Friday because the dress code changed in our morning meeting. A few strategy points today: Wall St’s 400 point reversal on the Gilead (lack of efficacy) Chinese trial story in the Financial Times suggests to me that…

axs 200 sell signals

ASX 200 sell signal

I was on the ABC this morning – has delayed me a little bit this morning. What was the sign in the background? I have been emailed a few times. It was this: It’s a representation of my assertion that we have been through the ‘World is going to end panic’, we have then seen…

A Brave New World On Its Way

Talking to my friends over the last few days/weeks has seen many different conversations emerge. Some optimistic, some filled with anxiety others completely unrelated to the fast-evolving zeitgeist we have found ourselves in. What is undeniable and a common thread of all the short, long and complicated conversations has been the feeling of change. A…

Stock-market-chart-crashing

The vibe is changing

The vibe is changing. It’s been a great rally but I can see (on the charts) and hear (in the media headlines) the herd stopping to think about what’s next and it’s probably not great. As Henry put it, we always come out of Easter fat and happy, then it all goes wrong. What is…

Growth-Portfolio

How to use a model portfolio

The Marcus Today Model Portfolios – Growth and Income – are the core of what we do. They are where all of our analysis (both fundamental and technical), reading, discussions, debate and decision-making are crystallised into actionable outcomes. They are how (along with Marcus’ Strategy articles) we pass messages about the market. Quite simply, they are…