STRATEGY
Felix Stephen – economic revival to drive US equities
Felix Stephen is out with his weekly market outlook (here) with a fairly benign view - 'unless we see a shock to the system, the uptrend will remain intact.' In short, the balance of probabilities has the S&P500 adding another 12 -13% from its current ~1400 level (giving a target of
Bill Gross – switching to real assets
Bill Gross, Managing Director of PIMCO, has been notably gloomy for US Treasuries for some time. In his latest monthly Investment Outlook (here), he steps further from the fold suggesting that "real assets/commodities should occupy an increasing percentage of portfolios". For a bond manager, this is
John Abernathy – when central banks dominate flows
John Abernathy, CIO at Clime Asset Management, includes the following chart in his most recent reflections (here): It's familiar territory but worth revisiting. The chart itself is from an article by James Bianco (published in the Big Picture in Jan12 here). It is accompanied by the
Andrew Fleming – prisoners to optimistic growth forecasts
In a recent brief (here), Andrew Fleming, Deputy Head Australian Equities at Schroders, walks through his rather sanguine view of the outlook for the Australian economy. The thrust of his argument is that the housing construction sector is likely to struggle due to already high consumer debt levels
RESEARCH
White paper – Why create an independent research platform
The quality of research in Australia can often be lacking. This is essentially a result of the industry structure. Most research is paid for by the organisations whose products and services are the subject of the research. Add to that the fact that most research is undertaken by entities seeking
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