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bull market

This tag is associated with 46 posts

6 Dec 2019 (AFR) – Bull run in stocks can go on a ‘bit longer’

(6 December 2019, AFR, p29, Robert GuySenior Writer) ‘Aberdeen Standard Investments chief executive Keith Skeoch says the bull run in global stocks can continue for “a bit longer” as growth is bolstered by central bank stimulus and prolonged low interest rates. From his perch atop a fund manager with $953 billion of assets under management, … Continue reading

15 March 2019 (AFR,Bloomberg) – China insiders are selling stakes after mammoth share rally

(15 March 2019, AFR, p28, Bloomberg) ‘Some Chinese executives and large shareholders are cashing out of their companies’ stocks after an explosive start to the year for the nation’s equity market, raising doubts over the sustainability of the rally. Among them was telecom equipment maker ZTE Corp, whose Shenzhen-listed shares had soared 59 per cent … Continue reading

28 Dec 2018 (AFR) – Wall Street’s epic rally is not how sharemarket ride ends

(28 December 2018, AFR, p37, by Vesna Poljak) ‘President Donald Trump’s Plunge Protection Team didn’t have to do a thing. A sensational rally on Wall Street sparked by the President’s assurance that the chairman of the Federal Reserve’s job is safe, and Amazon’s declaration of successful holiday sales, was enough to save the S&P 500 … Continue reading

28 Dec 2018 (AFR) – Back from dead or dying gasp? Giant rally gets bulls’ blood racing

(28 December 2018, AFR, p11, by: Sarah Ponczek, Vildana Hajric and Elena Popina) ‘New York | Bludgeoned for weeks, a bull market is left for dead, its fate seemingly sealed as session after session of red ink show no sign of letting up. Suddenly, at the last second, a rally – death is averted – … Continue reading

18 Oct 2018 (AFR) – Politics puts the skids under bull market

(18 October 2018, AFR, p31, by Martin Wolf) ‘Bull markets, it is said, climb a wall of worry. When the last worrier turns into a fully invested optimist, the market has nowhere to go but down. That might be what has just happened: so much optimism was already in the prices of financial assets — … Continue reading

8 Oct 2018 (AFR) – Rising bond yields will hurt global equity markets – could end bull market

(8 October 2018, AFR, p22, by William McInnes) ‘Veteran investor Geoff Wilson says further rises in US bond yields could spell the end of the longest bull market in history. On Friday, the 10-year Treasury bond yield hit a fresh seven-year high of 3.23 per cent on the back of US employment data. While the … Continue reading

3 Oct 2018 (AFR) – Hedge funds take record bet on higher US yields

(3 October 2018, AFR, p30, by Jamie McGeever) ‘The jury is still out on whether the 10-year US Treasury yield’s move above 3 per cent is the historical break higher confirming the end of the 30-year bond bull market. The verdict from hedge funds, however, is unequivocal: it is. Their conviction that yields are heading … Continue reading

1 Oct 2018 (AFR) – Bulls push US equities ever higher

(1 October 2018, AFR, p20, by Timothy Moore) ‘US equity bulls are betting heavily on the pending quarterly earnings season to bolster their level of conviction and their positions. Bears see an opening. For months bears have been waving flags – pointing to the eventual fading impact of the Republican tax cuts and the surge … Continue reading

27 Sept 2018 (AFR) – India’s stock bulls stampede for the exits as volatility shatters calm

(27 September 2018, AFR, p33, by Abhishek Vishnoi and Santanu Chakraborty) ‘For India equity bulls, a good year for the nation’s equities has quickly soured. Blame it on the concerns about a troubled lender that led to a sudden cratering in non-banking finance companies (NBFCs) – a favourite among money managers until recently – and … Continue reading

22 Sept 2018 (AFR) – Rust never sleeps is warning on bull run – How long will US stocks lead the pack?

(22 September 2018, AFR, p26, by Luke Kawa) ‘New York, US | Don’t sleep on the rest of the world, even as the US keeps setting stock-market records. That’s the message coming from a host of Wall Street shops highlighting the potential for the America-first thrust in financial markets to reverse. While major US benchmarks … Continue reading

5 Sept 2018 (AFR) – Bond yield spreads ‘show equities are near the peak’

(5 September 2018, AFR, p29, by Andrew McAuley) ‘It is a generally accepted maxim among professional investors that fixed-income managers are better at picking market turning points than equity-only investors. While equity managers concentrate on bottom-up company considerations, bond managers have a sharp focus on broad economic data.’ <snipped…> ‘The yield curve and credit spread … Continue reading

5 Sept 2018 (AFR) – Wall Street has Wile E Coyote moment as it floats over abyss – How long can the US stock market defy the rest of the world?

(5 September 2018, AFR, p13, by Jacob Greber) ‘Washington | Trade wars, an export-sapping US dollar surge, rising US interest rates, and worsening turmoil in Argentina and Turkey may as well be on another planet as far as US equity investors are concerned. As a superlative-busting northern summer rally extends into autumn, US stock market … Continue reading

1 Dec 2017 (AFR) – US bulls charge on but chatter over risk rises – As US equities ratchet ever higher, their peak edges ever closer

(1 December 2017, AFR, p32, by Timothy Moore) ‘The enduring expansion of the US economy and renewed reflation trade bet continue to encourage equity bulls even as chatter about the need for a correction rises. “Valuations are stretched, more so in US stocks,” Citigroup’s global asset allocation team said. That could limit upside returns going … Continue reading

11 Nov 2017 (AFR) – Hasan Tevfik says there’s more bull to come for local sharemarket

(11 November 2017, AFR, p32, by Philip Baker) ‘There was really only one question to answer this week when the benchmark S&P/ASX 200 index went through 6000 points for the first time since early 2008 : What’s next, 5000 or 7000? Hasan Tevfik, the bullish equity strategist at Credit Suisse, thinks the current rally might … Continue reading

27 Oct 2017 (AFR) – When will this rally end: Investors ask the most common question on Wall Street

(27 October 2017, AFR, p31, by Philip Baker) ‘The S&P 500 is now deep into it’s ninth year of gains, and after 50 record highs so far this calender year it’s probably not surprising that Goldman Sachs equity strategist David Kostin says the most common question on Wall Street right now is: “When will this … Continue reading

17 Oct 2017 (AFR) – Why the Wall Street bull run still has legs in three charts

(17 October 2017, AFR, p33, by Sarah Turner and Patrick Commins ‘If you missed the US bull market you probably don’t like it.’ ‘The nine-year US equity bull market appears unstoppable. The key S&P 500 stock index has climbed 280 per cent since its 2009 lows, and sits well clear of the highs it achieved … Continue reading

13 Oct 2017 (AFR) – Nobel prize winner Richard Thaler’s wake up call for bull markets

(13 October 2017, AFR, p13, by John Kehoe) ‘Almost every asset class in the world seems expensive at present compared to historical valuations, so the awarding of the Nobel Prize in economics to Richard Thaler is a timely reminder that financial markets can sometimes price things awfully wrong. Thaler has previously pointed to the US … Continue reading

7 Oct 2017 (AFR) – Three reasons the US share market keeps partying

(7 October 2017, AFR, p27, by Karen Maley) ‘It’s been a bumper week for the US sharemarket, with the Standard & Poor’s 500 celebrating its longest streak of record closes in 20 years, after notching up six straight all-time closing highs. Analysts argue that there’s little wonder the bulls are rampaging, given the ultra-easy conditions … Continue reading

16 Sept 2017 (AFR) – Property, now the question is what happens after the boom

(16 September 2017, AFR, p15, by Larry Schlesinger) ‘After a five-year bull run, in which house prices have surged 75 per cent in Sydney and 56 per cent in Melbourne, the party may be over for those who have bet big on the property boom. A combination of tougher APRA lending rules, rising unaffordability, new … Continue reading

11 Aug 2017 (AFR) – China’s markets show reforms starting to work

(11 August 2017, AFR, p31, by David Millhouse) ‘These are heady times in the markets for Chinese commodity futures and listed industrial shares. Large industry leaders such as Aluminum Corp of China Ltd, or Chalco as it’s known, have risen more than 50 percent recent months. Angang Steel is up some 30 percent in the … Continue reading

27 July 2017 (AFR) – Citi’s Robert Buckland says bull market ‘miserable’ but not endangered

(27 July 2017, AFR, p24, by Vesna Poljak) ‘One of the world’s top sharemarket strategists thinks that the ongoing bull market is one of the most “bearish” ever, but it’s only mounting levels of leverage, not valuations, that look remotely sinister. Global equities are trading at between 20 and 21 times forecast earnings, mostly because … Continue reading

21 July 2017 (AFR) – Wall Street’s latest guessing game is trying to pick the market top

(21 July 2017, AFR, p30, by Karen Maley) ‘Another day, another bunch of records for the US share market. Investors’ renewed love affair with tech stocks, combined with a lift in the oil price has hoisted the Standard & Poor’s 500 index and the Nasdaq Composite to new all-time highs. Meanwhile, another record was trampled … Continue reading

17 July 2017 (AFR) – Ageing (US) bull run will need both good earnings and Federal Reserve cheer

(17 July 2017, AFR, p19, by Michael Mackenzie) ‘The latest US quarterly earnings season has begun and that usually entails equity markets being pleasantly surprised by companies exceeding low expectations. Wall Street analysts expect a year-over-year rise in S&P 500 earnings for the second quarter of around 6.5 per cent. Add the usual “beat” factor … Continue reading

21 Apr 2017 (AFR) – Valuations near ‘dot-com bubble’ levels may halt the bull market

(21 April 2017, AFR, p32, by Philip Baker) ‘Those tenacious sharemarket bulls still have the 6000-point mark squarely in their sights despite the major S&P ASX200 index falling back to 5800 points this week.’ <snipped…> ‘But expensive valuation measures suggest the march to the next milestone might be more of a slow slog than the … Continue reading

7 Apr 2017 (AFR) – Has this new breed of bull run its course?

(7 April 2017, AFR, p32, by Philip Baker) ‘It’s a bull market for sure, but it’s not like the old ones we used to know. There’s no hubris, excess or wild parties, corporate balance sheets are in good shape, valuations aren’t exactly stretched, and no one is doing anything really silly.’ <snipped…> ‘Yet because the good … Continue reading

26 Nov 2016 (AFR) – Here’s what killed the bond bull – and it wasn’t Trump

(26 November 2016, AFR, p23, by Patrick Commins) ‘If you are wondering how on earth Donald Trump managed to single-handedly flip the script in global financial markets, the answer is: he didn’t. It’s tempting to see it that way, though. After all, all four major US sharemarket indices hit simultaneous record highs this week – … Continue reading

10 Sept 2016 (AFR) – Could the bond bull market really be over this time?

(10 September 2016, AFR, p37, by Jonathan Shapiro) ‘We’ve heard it all before. The end of the bull market for bonds has been called so many times over the last 35 years that nobody is paying attention. The list of casualties of those that have bet against the bond market is long. Even star investor Hamish Douglass … Continue reading

26 Apr 2016 (AFR,FTimes) – US sharemarket poised for second-longest bull run

(26 April 2016, AFR, p25, by Dan McCrum and Elaine Moore) ‘The US sharemarket is set to reach a milestone this week , surpassing the postwar boom as the second-longest sustained period of rising share prices, even as questions intensify on the health of corporate ­profits. The milestone will come in a week when statements from … Continue reading

9 Mar 2016 (AFR) – Opinion divided over commodity rally longevity

(9 March 2016, AFR, p19, by Karen Maley) ‘The commodity bulls are roaring after Monday’s nearly 20 per cent jump in the price of iron ore, which sent shares in miners such as BHP Billiton, Rio Tinto and Fortescue Metals sharply higher. The euphoric mood continued in trading overnight, helping push oil prices higher. Brent … Continue reading

7 Jan 2016 (AFR) – Bull market not dead yet – Tired bulls still have legs, says Citi

(7 January 2016, AFR, p27, by Jessica Sier) ‘The global equities bull market may be tired and old, but it’s not finished, says Citigroup, adding there may be better opportunities outside the United States, but not necessarily in Australia. Equity strategist Robert Buckland and his team forecast a 12 per cent gain overall for global equities … Continue reading