FYI | Apr 17 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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– NAB maintains #China GDP to grow by 7.3% in 2014. Close enough to Beijing's target to satisfy policy makers, say NAB economists #investing
– Counter-intuitive, but CLSA's quant team persists: long Amcor (AMC) and short Fortescue (FMG) #ausbiz #investing
– Trading Idea from Morgan Stanley: Woodside (WPL) shares to fall next 30 days as share price has run while upside is priced in, no catalysts
– Says Macquarie: #China economy's underlying dynamics remain weak. Economy still facing significant downside risk in late 2Q or early 3Q
– Glushkin Sheff's Dave Rosenberg points at massive net speculative short position Comex #copper, suggesting a rally should be on the horizon
– Overnight price action: US #equities rally. #Oil up. #Gold stable. Base #metals rally. #Ironore falls US90c to US$116.20/tonne #investing
– Danske Bank sees further slowing #China GDP to 7.3% y/y Q2 and 7.2% Q3. Risks to downside, thus cut in reserve requirement possible in June
– Dennis Gartman says S&P500 may see short covering rally in next few days, but underlying bias remains to the downside #equities #investing
– Concludes CBA: Australia to see considerable boosts to materials and labour demand over 2014 and 2015 from residential construction boom
– ANZ Bank maintains forecast that #China’s GDP will grow 7.2% this year, with economy likely to rebound to 7.5% in Q2 #investing
– US #Equities weakness in April. Is it just about portfolio adjustments? Here's what else is happening in background http://tiny.cc/c43dex
– FlashBoys by Michael Lewis – a book review http://tiny.cc/o13dex
– Observed: chartist Daniel Goulding says ASX200 to breach 5330 in week ahead, then rally to 5580, still target 4930 by year end #investing
– Macquarie: tight credit growth posing significant downside risk #China economy 2Q and beyond. Likelihood RRR cut mid-year has increased
– Citi makes The Call: #China demand for #commodities has bottomed, for now, and should increase throughout rest of 2014, and into 2015
– Citi cannot believe it: Sigma shares have rallied with ongoing tough context, no outlook for growth and need for higher capex. Sell #ausbiz
– Overnight price action: US #equities volatile, but up. #oil down. #Gold down. Base #metals down. #Ironore up US10c to US$117.10 a tonne
– Conclusion drawn by CBA: In our view, the risk is for a November (Melbourne Cup Day) rate rise, even with firmer than expected AUD #ausbiz
– Citi's outlook for #ironore prices: weak Q2, better H2, then decline to US$80/t average in 2016 #commodities #investing
– Goldman Sachs calls current #coal prices "unsustainable" but also sees no relief in sight, further cuts price forecasts #commodities
– Offers Macquarie: While cold weather impacted US data in January-February, don't think this explains the entire deceleration in activity
– Morgan Stanley turns bullish on consumer electronics, believes JB Hi-Fi (#JBH) will upgrade guidance at May 9 market update #ausbiz
– Macquarie worries #China GDP growth might fall below 7% mid-year, but remains alert for stimulus to safeguard government's 7.5% target
– Overnight price action: up, up, up for #equities, #oil, #gold, base #metals and US Treasury yields. #Ironore up US10c to US$117.00 a tonne
– Friday's Price action: US #equities down. #Oil mixed, Brent down. #Gold stable. Base #metals mixed. #Ironore down US$2.20 to US$116.90/t
– CIMB makes non-consensus call: CCA (#CCL) is the cheapest listed bottler globally and we see FY14 as an inflexion point for earnings. Buy?
– Dennis Gartman sticks to view US #equities have a long way further to fall before this correction has run its course; technically ugly
You can add my regular Tweets on Twitter via @filapek
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