Some of the world’s biggest companies including Mcdonald’s, Alphabet (parent company of Google) and LVMH released quarterly earnings last week. Here are four takeaways for investors. Higher costs are eating margins Australia recorded an inflation of 6.1 per cent last week, the highest level since the GST was introduced in 2000. Over the US, it’s…
Are the bears set to turn bullish? Chief Strategist Michael Hartnett at Bank of America (BofA) comically titled the July fund manager survey “I’m so bearish I’m bullish”. On several of survey measures, money managers are pointing towards further doom and gloom. So much so that the historically bearish sentiment hints at a potential rally…
Tuesday provided a dour outlook for the Australian economy as inflation continues to dent consumer and business confidence. The Westpac Melbourne Institute Index of Consumer Sentiment continued its march lower, falling 3 per cent in June. The index has fallen every month in 2022 and is down 19 per cent since December. Households are clearly…
Legendary investor Ray Dalio has warned against believing all will be well if central banks simply increase interest rates to get inflation under control. In a public Linkedin post, the founder and Co-Chief Investment Officer of Bridgewater Associates believes the US economy is heading toward a stagflationary environment of high inflation, high unemployment and low…
Private equity is eating the ASX alive. Nearly every other month there is another billionaire dollar private equity approach of an ASX company. The latest is the $20 billion deal for Ramsay Health Care (ASX: RHC). Uniti Group, Vocus and Sydney Airport are recent other examples that the tyre kickers have poached from the ASX…
