RIC SPOONER (CHIEF MARKET ANALYST, CMC MARKETS) - | Over the past nine trading sessions, the ASX 200 index has gained nearly 5% and looks likely to open higher this morning. The recovery continues to be supported by another good earnings season for US stocks.
VANGUARD - CHRIS PHILLIPS - | Probably the most common myth I hear, and I hear it a lot, is, “We’re happy to index large-cap U.S. stocks, but we prefer active in small-cap or international markets.” Makes sense, right? After all, large-cap stocks, those in the S&P 500 Index, for example, are closely followed by analysts, traders, portfolio managers, and sell-side research firms.
FIIG - | For a few months now, the RBA has commented in its statements that financial volatility was lower than could be justified. After some extreme movements in global financial markets since last Thursday night, I can assure you that this is no longer the case. It wasn’t clear when, why or how it would end, but we all knew the preternaturally low levels of volatility would end at some stage.
MATTHEW SHERWOOD, HEAD OF INVESTMENT MARKET RESEARCH, PERPETUAL - | “…rapidly declining markets, whilst always sobering, can also represent a signal to buy rather than sell and to remain calm while others panic.”- Matthew Sherwood, Head of Investment Market Research, Perpetual
CLIME - JOHN ABERNATHY - | Fund manager John Abernethy says RBA deputy governor Guy Debelle was right to warn investors that there are a lot of negatives around that are already spilling from bond to equity markets.
FORAGER FUNDS - STEVE JOHNSON - | The number of policyholders under the Medibank Private brand has shrunk. Only fractionally, but there are less Medibank Private policyholders today than two years ago. All of the growth is coming within Medibank’s no frills insurance brand, ahm.
BT INVESTMENT MANAGEMENT - VIMAL GOR - | Outside of central bank action, the economics (and demographics) point towards a future Eurozone that looks very much like modern day Japan. We’ve seen from the US experience that market worries can be allayed by strong central bank action but Europe might be a harder nut to crack.
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