Editorials Library

Has gold lost its shine? Following last year’s Covid crash in financial markets gold was in the spotlight again after many years of sideways trading. It had a meteoric rise alongside equities and even hit a record $2k price before settling down again. Several analysts...

Regulation contagion? Chinese tech and tutoring companies have been hit hard over the past couple of weeks by regulators leading to the biggest shakeout in the last five years and forcing Chinese authorities to issue statements to calm market participants. Citing...

A new risk factor for markets: Equity markets have been hitting all time highs lately but the imminent debt ceiling is an event that could pose a threat to the market in the near term. U.S. stocks keep shaking off any potential bad news to keep driving higher on the...

Inflation concerns: Is inflation here to stay or only transitional?  As several gauges around the world show a surge in prices the question of higher inflation for longer is back on the table.  A worldwide and coordinated effort by central banks to inject liquidity...

Interest rate scare If there is one thing that can put a dent to the bull market it is the specter of rising rates in these ultra-loose financial conditions.  While the Dow Jones and S&P 500 have hit new highs in recent weeks, the idea that the Fed could increase...

Bad year for hedge funds It was only two months ago that we wrote about hedge funds suffering big losses after markets when against their leveraged bets.  Well, it has happened again and the losses this time have led to a huge destruction of wealth. Last week Archegos...

Time for value stocks to shine? Will the long running story finally come true?  Will value stocks outperform growth stocks this year and beyond?  After underperforming growth for most of the last 15 years, value stocks have outperformed growth stocks so far this...

Going to the moon 🚀 GameStop (GME), short squeeze, hedge funds, these are some of the terms you may have heard this week even if you weren’t following financial news closely.  It’s the story of a stock pushed by retail investors to go to the moon (as they say).  With...

Just getting started: After the Dow Jones hit the symbolic 30k point in November and had its best month since 1987, is it time to take some risk off the table?  While it would make some sense to do so, many will argue stock markets are not done yet.  There only seems...

Is it time to reassess our view on bonds? Recently Ray Dalio the founder of the world’s largest hedge fund firm said that he didn’t like bonds in a portfolio.  He argued that they were too volatile for the low yield that they offered by explaining that one day’s price...

Stocks are the Economy “Stocks are not the economy” is something you may have heard while US indices were charging to new highs only months after a market crash.  There is of course some truth in that since the stock market doesn’t capture your trip to the local...

Superannuation and the challenges ahead The superannuation industry has faced some immense challenges in light of the COVID-19 pandemic, such as dealing with the fallout – immediate and long term – of the Government’s announced changes to superannuation settings as...