FYI | Jan 27 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:
– Message from the Fed: we're more likely to add more QE (liquidity) than not and investors take it on board: risk assets continue their rally
– Here's my take on recent econ data: are we talking genuine improvement or merely unusually mild weather? http://goo.gl/9tTQP
– Everybody's talking Greece or better data, but what about the absolutely underwhelming US reporting season? Earnings growth in decline
– All eyes on Fed which will release in-house projections for US interest rates. Private estimates put first hike early 2014. Does Fed agree?
– Report FX experts at NAB: AUD has rallied higher than expected/justified, but underlying premise remains: AUD/USD too expensive above 103.80
– Oz Stockbrokers today: downgrade for Ausenco, upgrades for Dulux and Toll, lower estimates for banks, and for coal producers, IPL too cheap?
– Noted: JPM strategists see range trading ahead for equities. Shorter term target for ASX200 is 4500, but year-end target is 4250 (4229 now)
– Something to think about: Strategists at UBS advocate it's time to increase risk in portfolios (but stay defensive as a whole still)
– Stockbrokers today: AMP poised to disappoint in Feb, Santos remains favourite, downgrade for AGK, a re-rating for Integra Mining
– The BIG question that will come to fore in months ahead is how much impact from the mild weather on global econ data? Payback in Q2?
– Anecdotal evidence suggests retail investors are returning to the market. Price action remains positive. Volumes building. Fingers crossed?
– Macquarie upgrades mining sector largely on valuation support. 12 outperform recommendations across sector, incl RIO, BHP, FMG
– Interesting… Strategists at BAML think rally in risk assets will continue, but they also advise to take profits when S&P500 is near 1350
You can add my regular Tweets on Twitter via @filapek
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