FYI | Feb 08 2013
By 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:
– #Netherlands #AAA Outlook Cut as #Fitch Cites Shocks to #Economy http://bloom.bg/14PKSYr
– Something to ponder: government debt cannot cope with higher costs. Lower for longer for govt bond yields? MS' Gerard Minack thinks "yes"
– This is a novel idea; a gold miner proposes paying dividends…in gold [GS] http://ow.ly/hwxmV
– I like the expression "buying fatigue" hitting US equities http://sns.mx/qQojy7
– The results of the January Australian Investors Sentiment Survey are out: cash moving off the sidelines http://goo.gl/JbNWo
– Westpac cuts interest rates on packaged two year fixed rate mortgage to 4.99%, lowest level since April 2009, best offer amongst major banks
– Hmmm. UBS strategists report clients have now become net sellers of #equities, after pouring more funds in earlier in Jan. An omen?
– Do we have a trend here? Citi strategists advise clientele to "position for pull back" in equities. Markets seen running out of steam
– #Equities have run too hard too fast, conclude strategists at Deutsche Bank. Pause if not pull back should follow. See 2010 and 2011
– Market observation: yet another broker who concludes market too optimistic factoring in big earnings recovery. Macquarie on ASX Underperform
– US pension funds cut back on commodities exposure as "role of commodities as a diversification strategy is being questioned", WSJ reports
– Market observations: yet another downgrade for Aristocrat, and another one for Tatts. More skepticism regarding Reckon. Same for Navitas
– Usually not good news: DJ Carmichael ceased coverage on Hawkley Oil and Gas (HOG). Says should spend less on Ukraine portfolio by farm-out
– Investors in Oz: still addicted to local equities? http://goo.gl/nNJiw
– Oz stockbrokers today: Downgrade for Aristocrat, Upgrade for Hills Holdings; Macquarie reviews gaming sector, caution on Oakton
– RBS Morgans believes market too optimistic on 2013 outlook for #Iluka. Maintains that risk is to the downside. Target cut to $9.50, Neutral
– Credit Suisse reports Oz #Equities now look expensive, but US equities still look cheap. #Yield stocks no longer offering compelling value
– Macquarie says February reporting season needs to confirm earnings downgrades have troughed to support 2012-2013 rally
– Citi believes the Big Rotation out of bonds into equities likely to be more of a 2014 event. This year's story about cash on the sidelines
– U.S. stocks suffer worst declines of 2013 http://on.mktw.net/14Nd5PJ
– Base metals prices mixed overnight, crude oil lower, gold up and #China Fe62 spot #ironore up by US$1 to US$154.2 a tonne
– RBA, ECB and BoE all meeting this week but CBA says all meetings are expected to result in no change to monetary policy
– UBS says #equities leverage at #AMP is being overstated. Plus ongoing headwinds core operations. Downgrades to Sell
– The Big Rotation, out of fixed interest into equities: a fixture of our collective imagination? http://read.bi/WNw9tb
– Are equity investors embracing the concept of cheaper oil? BA-ML certainly thinks so. Here's some proof to the thesis http://read.bi/VvURv4
– They're not the only ones, but here it goes… BA-ML warns of potential equities correction ahead http://read.bi/Y1T7dh
– Interesting experiments/read on portfolio diversification strategies http://goo.gl/etnaR
You can add my regular Tweets on Twitter via @filapek
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