James Abela
From the desk of James Abela: A stark risk reminder
Well, what a difference six months can make… I can remember thinking just a few short months ago that if the global strategists were right and the consensus was correct, 2020 was shaping up quite nicely and, although stretched, the bull market might just ride out another year.
Will 2020 break the bull market?
So what lies ahead for us in 2020? It may be the year when the bull market is pushed to breaking point or alternatively another year of muddling through with low rates and record debt levels. Whatever happens, they'll be crucial drivers for those that win or lose in 2020.
From the desk of James Abela
The heady days of reckless momentum passed their peak around six months ago and with it went the exuberant sales-based valuations of concept stocks and billion-dollar-loss-making companies. Could this just be the beginning of a market reality check?
Themes, lessons and thank you
The strong bounce in the Australian equity market in February was broadly interpreted as unsustainable due to lower earnings expectations and weaker outlooks. However, a number of companies reported a more confident outlook and as a result energy, metals, financials, technology, healthcare and industrials all performed better than expected.
2019 outlook: Australian small to mid-caps
In Australia, while economic indicators remain strong, concern about the many late market cycle signals is growing.
