FYI | Mar 16 2012
Rudi Filapek-Vandyck, Editor FNArena
I joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing financial markets myself.
While I am on Twitter, reading a quote here and a news flash there, I offer my own succinct insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.
For those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:
– I'll go quiet on Twitter now. Conference on Thursday, then flight to Perth and Conference whole weekend…
– Reports ANZ Bank: Proprietary forward-looking indicators of the global industrial cycle suggest economic momentum should soon pause or ease
– I will be presenting at Trading and Investing Expo in Perth (17-18 March). For free tickets simply type in code RUDI http://www.tradingandinvestingexpo.com.au/special-offers/rudi-filapek-vandyck-ticket-offer/
– Say strategists at BA-ML: we would not add to equity allocations right now but would prefer to wait for a spring pullback
– Milestones: Nasdaq finished over 3000 for 1st time since Dec '00; DJIA reached 13177 – highest level since May '08. http://on.wsj.com/wqelnE
– Acknowledges Gartman: The “Wise” amongst us are all net short of equities, and they are so for the very best of reasons… but wrong..!
– Citi economists warn: "When winter feels like spring, watch out for spring" – risk appetite about to be confronted by "growth scare"..?
– Deutsche Bank retains Australian share market outlook, keeps December 2012 target for the S&P/ASX 200 at 4700 vs 4196.7 currently
– Reports NAB: Technically speaking, AUD/USD daily close below 1.0510 (if confirmed) puts the currency in a downtrend, momentum now negative
– Overnight movements indicative of reducing risk appetite. Probably best ignore low volumes (that's the new era for equities to you and me)
– Concludes Citi on US economy (my view): "The data that matter most for the outlook do not point convincingly to an accelerating expansion"
– Concludes GS: official unemployment market data not reflective of what is actually happening in Oz labour market. Things a lot less rosy
– Concludes NAB: post Greece, the overall framework is now less supportive of risk appetite. No surprises expected from FOMC this week
You can add my regular Tweets on Twitter via @filapek
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.