FYI | Aug 26 2011
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 succint 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:
– It's clear inflation remains on the RBA's mind, but what about recent jobs losses? Will a higher unemployment rate force a change of course?
– Today's AFR front page headline sums it up succinctly: "Retail slump ends Woolies' golden era" – investors take note, ex-growth is burden
– Gold's "correction" this week is a story about "leverage" and "speculation", not so much about reversal in risk appetite. Remember silver?
– Comment NAB economists today: "Interesting how some weak data can produce such optimism" – could my previous Tweet provide the answer?
– Funds' managers cash at peak + hedge funds shorts at peak + Jackson Hole Speech on Friday = rally? You bet!
– Apparently, August sell-down in equities by funds managers has coincided with largest short position ever by hedge funds in the US… rally?
– HSBC's Flash China Manuf PMI remains in the negative, but with small underlying improvements. Markets will probably take this as a positive
– Oz equities outperforming. Look no further than investors are starting to price in RBA rate cuts. For more see my Weekly Insights this week
– Expect more talk about US recession (or not) as growing group of economists acknowledges Aug ISM release will probably show below 50 outcome
You can add my regular Tweets on Twitter via @filapek
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