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The lucky country

A WIN FOR AUSTRALIA You may have read that the AOFM (Australian Office of Financial Management) just pulled off the biggest bond issue in Australian corporate history. They just sold $19bn of November 2024 Government Bonds. The initial issue size was $13bn and they saw $53.5bn worth of bids at a coupon of 1.02%. There…

Are we back in a bubble?

The ASX 200 recovered a 101 point fall to close up 19 yesterday. An Australian win on a Government bond issue (see below) helped the turnaround. But we will be tested today. That's two days of the US market falling 2% a day. Corrections start fast. Momentum fading. This is the ASX 200 chart –…

50 Trades of (mostly) Green

It has been a very exciting week for the Trading Ideas section, on a couple of fronts. First and foremost, we closed four winning positions in Elders (ASX: ELD), Nextdc (ASX: NXT), Accent Group (ASX: AX1) and Appen (ASX: APX) – the latter being a juicy winner with a gain of almost 12%. It was rewarding to see the work…

ASX: BUY HOLD SELL – APT

After APT traded as low as 801c in March and now trades back towards 4000c, the question on everyone’s lips is, ‘is it too late for me to buy APT?’ Tied up in the answer is how macro headwinds and COVID-19 will influence the BNPL sector. Commentary surrounding the BNPL sector and the influence of…

Telling it as it is – ETFs

We have been working away behind they scenes on an exciting new education offering. This is one of the sections that will be in there that “Tells it as it is” about Exchange Traded Funds. All will be revealed in due course but if you would like to be the first to know then email…

A Rant

A RANT Got caught on the ABC Radio Adelaide this morning. They were talking about the boom in online broking accounts that CommSec are reporting and ASIC is warning about (being conservative is their job). Of course there’s been a boom, everyone’s looking for something to do in isolation plus we are in the middle…

Australia back in business by July

“Australia back in business by July” is the message from the cabinet meeting yesterday. The government clearly don’t want to be seen to be slow getting the economy going again and have developed a few catch phrases like “A sustainable COVID-19 Safe Economy” which means continuing with social distancing and safe hygiene. They expect the…

Trade War Irrelevant

SPI down 7 but Dow Futures down another 300. A few strategy points to make this morning. TECHNICALLY One bad day…or a new trend – Friday’s 5% drop at first sight risks being the start of a bigger correction (corrections start fast) although all Friday did was negate the previous two days and whilst one…

End of The Month

Ugly day as the market turns over – Sell in May and Go Away they say – certainly true today. Headlines about Trump imposing Tariffs on China may be the catalyst, that old chestnut. Other market themes were bound to pop up – we lost our peripheral vision as we focused on COVID-19. Trade war…