The shock election result at the weekend is very good news for the bank sector. The sector has already reacted with a sharp rise in all the big four banks, as well as Macquarie, BEN and BOQ. What we have to ask now is whether this is a sugar hit or a bottom in the…
Trant – def: (A rant on Trump) – Trant – verb, noun – verb: Trant; 3rd person present: Trants; past tense: Tranted; past participle: Tranted; gerund or present participle: Tranting. Speak or shout at length in an angry, impassioned way about Trump. “She was still Tranting on about the US President” – synonyms – hold…
The Marcus Today rules include never writing about religion, politics or the AFL but its unavoidable today. Rather than pass opinion here are some unbiased collected bullet points: Quick stock market points: Good for the stock market. The Liberals are pro-business. GDP forecasts will remain unchanged but if anything a lift in business confidence post-election…
THIS TIME IT IS DIFFERENT – By Henry Resources – the new formula: DEBT DOWN + COSTS DOWN + DIVIDENDS UP + NO ACQUISITIONS + SWEAT ASSETS + HIGH COMMODITY PRICES = HAPPY SHAREHOLDERS This time it is different – How many times have we heard that about markets or a commodity. It is usually…
Westpac had its results on Monday. Whenever a big company has results every significant fund manager will come into work the next day to find ten pieces of research (fifty in the USA), one from each of the big brokers, sitting on their desk selling ten different opinions about the result. Fund managers are like…
LISTEN – you can read this article or click on the podcast below to listen to it… My daughter was eighteen recently. We pride ourselves on our Birthday cards in the Padley family, we like to pass deep messages of truth and love. And so it was that her Birthday card from her Dad went…
With the major banks accounting for 25% of the ASX 200 you can argue that they also account of 25% of total brokerage available to brokers. Trading banks is an essential part of broking, persuading people to buy and sell banks is a foundation activity for commission generation. Is it any surprise then that the…
In December last year, I wrote an article entitled “Nothing Terribly Wrong” talking about the market fears being overdone. At the time the ASX 200 was down 12% from the top. In hindsight, a marvellous thing, I wrote it ten days before the market bottomed. The markets have bounced. Let us revisit last year’s fears…
The obvious post-Hayne Royal Commission comment is that Bank executives with the wrong culture will be trying not to laugh at the recommendations. The AFR cartoon on the announcement of the recommendations: Some are calling it a waste of time. I think not. In hindsight the Hayne Royal commission was never going to have the…
Legal Advice will be done by computers with 100% accuracy instead of the human 70% accuracy. It’s already happening in the US with a company called IBM Watson. Don’t bother studying law. It will be for specialists only. Cancer will be diagnosed 4x more accurately by a nurse thanks to technology. At the moment the hospitals…
