The time seems right to review my investment strategy calls of 2020 and put forward some ideas on the most important action to take before the year comes to a close. In general, the big calls have delivered, particularly the decision to hedge any overseas exposure, with the AUD staging a remarkable rally on the…
The ASX200 (ASX:XJO) continued its winning streak, adding another 0.3% on Monday as US futures ticked higher with the Pfizer (NYSE:PFE) set to be in use this week. It was a day of records that powered the market though, with Wesfarmers (ASX:WES) and Afterpay (ASX:APT) moving 2.7% and 8.8% both hitting all-time highs. The former…
To say the last few years have been testing for advisers would be a gross understatement. The reverberations of the Hayne Royal Commission, which highlighted important issues, though mainly those faced by vertically integrated institutions, has led to a big increase in compliance costs and regulatory hurdles. The result in many cases has been the…
Six consecutive weeks of gains, CSL (ASX:CSL) lower as vaccine pulled, Fortescue (ASX:FMG) overtakes ANZ Bank (ASX:ANZ) The ASX 200 (ASX:XJO) finished the week on a negative note, falling 0.6%, but managed to deliver its sixth straight week of gains, adding 0.1% over the five days. The majority of the weakness was driven by the 3.2% fall in CSL (ASX:CSL)…
ASX breaks seven day winning streak, AUD starting to bite, tech under pressure The ASX200 (ASX:XJO) couldn’t take it’s winning run beyond seven days once again, falling 0.7% on the back of weakness in the technology sector, down 2.1%.  The weakness was twofold, with Facebook (NASDAQ:FB) facing US legal action seeking to have the company’s Instagram and…
2021 may be shaping up as the ‘Year of the Financial Adviser’. After what has been a tumultuous and stressful few years for the industry, promises of a more streamlined regulatory framework may finally be coming to fruition. Assistant Minster for Superannuation and Financial Services, Jane Hume, and Treasurer Josh Frydenberg had a business day…
The ASX 200 managed to deliver another positive day in what has become an incredible end to the year.  Yet the story changes on a weekly basis, with last week’s winners becoming this week’s losers.  Today it was the consumer staples, +1.1%, and healthcare, +0.8%, sectors pushing the market higher with Woolworths (ASX:WOW) benefitting from Metcash Ltd’s…
ASX 200 starts the week higher, Metcash (ASX:MTS) smashes expectations, Rio, BHP near all-time highs, negative lead The ASX 200 (ASX:XJO) weakened throughout the day but managed a fifth straight positive session closing 0.6% higher. Once again, the majority of the buying pressure came from the commodities sector, specifically iron ore, after the price spiked another…
Five straight winning weeks for the ASX, Nuix (ASX:NXL) leads IPO frenzy The ASX 200 (ASX:XJO) adding 0.3% on Friday behind continued strength in the materials and financials sectors, sending the index to its five straight weekly gain, albeit just 0.5%. The standout by far was Sandfire Resources (ASX:SFR) which added 28.6% as copper prices…
Miners push ASX higher, iron ore hits seven year high, Macquarie (ASX:MQG) on the hunt The ASX200 (ASX:XJO) added 0.4% on Thursday almost entirely on the back of the iron ore and mining sectors.  Fortescue Metals (ASX:FMG) and BHP Ltd (ASX:BHP) were the leaders adding 13.3% and 4.9% respectively after the price of iron ore surged to…
