FYI | Aug 08 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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– The good news according to BAML: It looks like global production for #ironore will remain flat, until 2015. Grade discounts falling #ausbiz
– This is why investors are enthusiastic post Rio Tinto's results: "Expect materially increased cash returns to shareholders" (BAML) #ausbiz
– Consider it a warning: Next decade likely to be different than past 3 as interest rate tailwind may become #equities headwind, says Citi
– Overnight: #equities continue to struggle. #Oil up. #Gold up. Base #metals mostly up. #Ironore up US10c to US$96.00/t AUD US92.70c #ausbiz
– Meanwhile in the background: ANZ Bank concerned about inflation building in 2015 in Asia, at lower growth. Central Banks to tighten #ausbiz
– #China index at lowest level since 09. Is this why #Beijing enjoying best air since 2011? http://reut.rs/1mocTwn
– Going against the grain: Goldman Sachs upgrades Oz Forex to Buy and includes stock in Conviction List #ausbiz
– Overnight: US #equities choppy but stable. #Oil mixed. #Gold up. Base #metals mixed, #copper down. #ironore up US40c to US$95.90/t #ausbiz
– Goldman Sachs warns: don't think rebalancing #ironore market is done, it's early stage instead. Retains US$80/t forecast for 2015 #ausbiz
– Why use analysts' views and forecasts? Here's a rather elaborate insight based on 14+ years of personal experience http://tiny.cc/6bc5jx
– Citi sums it up best (on Downer EDI – something to remember, as an investor): "Only So Much Management Can Do" Never ignore trends #ausbiz
– Overnight: US #equities in pullback mode. #Oil down, #gold up. Base #metals down. #ironore up US10c to US$95.50/t. AUD US92.90c #ausbiz
– Under the radar: #China is exporting more and more of its domestic #steel production. Global ramifications? http://www.meps.co.uk/ChinaSteelNews714.htm …
– #China property sector slowdown reveals itself through disappointing HSBC Services PMI July, falls to 50.00 = lowest in history of survey
– Goldman Sachs previews miners' results reports in Oz: Margin squeeze on falling prices; Capital management unlikely #ausbiz
– The power of the shorts. #Cochlear most shorted stock (17.75%) in Australia and guess what? Today there's a rocket underneath it #ausbiz
– JP Morgan has updated commodities price forecasts. Top picks remain RIO and ILU, least preferred sector exposures ERA and AWC #ausbiz
– Citi bulls have little doubt: remain constructive on global equities. Earnings growth will be the key driver of markets from here #ausbiz
– Goldman Sachs: history shows probability of 5% share market correction this year with valuations where they are is 100% #ausbiz
– Friday action: #equities weak. #oil down. #gold up. Base #metals down. #ironore down US40c to US$95.20/t. AUD US93.10c #ausbiz
You can add my regular Tweets on Twitter via @filapek
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