FYI | Apr 11 2014
By Rudi Filapek-Vandyck, Editor FNArena
I like to question the ruling logic that goads the herd, or at the very least stimulate independent thinking. There's a big difference between playing market momentum as a short term trader and trying to figure out what the best asset purchases are for longer term investing.
Since 2012 I maintain my own feed of quotes, comments, responses and market insights via Twitter. Not everyone is on Twitter, which explains the requests to make my Twitter items also available through the newsfeed on the FNArena website.
Usually I combine all Tweets from the week past in one weekly story. Below are my Tweets from the week past. Enjoy.
Investors can follow me on Twitter via @filapek
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– CLSA concerned about recent strength in AUD; will make rebalancing economy more difficult. Expects unemployment to rise in April #ausbiz
– Remarkable: CLSA cuts FY15 estimate Ten Network by 80% and says Seven is beneficiary. Rating Sell (for Ten) with price target 21c #ausbiz
– Macquarie China Forum Conclusion: #China economy to muddle through on mini-stimulus, Beijing defending 7% GDP growth bottom, reforms delayed
– Overnight: US #equities rally. USD weaker. #Oil up. #Gold down. Base #metals up. #Ironore up US$1.20 to US$119.40/t #investing #commodities
– Are resources stocks now a buy for investors or simply a trading idea for short term? My view: The Big Confusion http://tiny.cc/rgc1dx
– The results are out from the Australian Investors Sentiment Survey in March – cash finally moving into #equities http://ow.ly/vAqHR
– Concludes AllianceBernstein: likely no more RBS cuts, but expectations for imminent hikes are "well off the mark" #ausbiz #investing
– Interesting. CLSA's Quant team advises pair trading long Amcor (AMC) – short Fortescue Metals (FMG) #investing
– Citi maintains post short term restocking by steel mills, additional supply will push #ironore price to US$90/t in 2015, US$80/t in 2016
– Overnight: US #equities bounce. USD weaker. #Oil up. #Gold up. Base #metals up. #Ironore up US$1.00 to US$118.20/tonne #investing
– Morgan Stanley warns ammonium nitrate surplus forming in North American market; both IPL and ORI will be affected #ausbiz #investing
– Morgan Stanley: #Ironore prices will gain momentum in 2Q, but the transition to perennial oversupply is close at hand #ausbiz #investing
– Morgan Stanley: likely to be pockets of strength among select metals and bulk #Commodities , but 2014 too early in cycle to buy resources
– Excellent timing? CIMB initiates coverage REA Group with Reduce. Trade Me and Carsales rated Add (Buy) #investing
– Overnight: US #equities correction continues. #Oil down. #Gold down. Base #metals mixed. #Ironore up US$1.50 to US$117.20/tonne #investing
– Dennis Gartman advises investors to reduce exposure to risk assets, but retain #gold as Friday's price action looks ominous signal
– Goldman Sachs even more convinced: Domino's Pizza's system facilitates high growth over long period of time, but valuation premium high
– According to ANZ, current trends in jobs ads, both offline and online, "confirm" next move in RBA rates will be up #investing
– Macquarie: not SMSF/older investors driving the investment lending recovery but actually young middle-high income individuals #investing
– Friday's moves: US #equities down. USD weak. #Oil up. #Gold up. Base #metals mixed, but #copper down. #Ironore up US20c to US$115.70/tonne
– UBS forecasts RBA rate hikes in 2015 will cause property markets to cool down and credit growth to slow to 5% in Australia #investing
– Macquarie analysts returned from #China visit with impression conditions are tough and most are bearish on #commodities. Low point?
– Citi thinks #China GDP may have dropped to 7.3% in Q1, with weakness to impact on Q2 too #investing
You can add my regular Tweets on Twitter via @filapek
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