Viewpoint: Bullish
Raiz Invest Limited is an Australia-based company that is primarily engaged in providing financial services and products through its mobile-first micro-investing platform. The Company’s platform offers its customers a way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz Website in Australia, Indonesia and Malaysia. The application facilitates micro-investing in diversified portfolios of exchange-traded funds (ETFs) offered by various asset managers. The Company constructs and optimizes approximately seven diversified portfolios. It also includes the Sapphire portfolio.
US stocks bounced well overnight and the broad based S&P500 looks / feels like its already made a short-term low especially as the trends still up. However if we can see a Christmas rally towards 4800, only 3-4% away, we would still be advocating fading the strength i.e. doing what feels uncomfortable has paid dividends through much of the year with this…
While stocks have endured a tough few weeks, albeit it only a 5.1% pullback to-date, the embattled FMG has roared back to life rallying over 30% from its October lows, a classic case of the elastic band snapping back towards value – MM has gone long so let’s hope we’re correct believing there’s more fuel in the tank! Through 2021 we have witnessed a number…
The ASX200 felt strong yesterday even though it closed down over 0.5%, the local index managed to recoup half of the days early losses with 35% of stocks finally to closing in positive territory while the IT and Resources Sectors both closed up on the day – only 2 stocks fell by over 5% which illustrated the lack of aggressive selling, unlike Friday! However it’s one…
LYC +0.59%: the company hosted their AGM today which came with continued positive commentary around the rare earths market. Lynas said they now expect the demand for NpDr to grow 10% per year through to 2030, up from 7.5% as the growth in electric vehicles (EV) accelerates. Their products are also needed in a range of clean energy options – including wind…
IGL -2.27%: The integrated marketing business held their AGM last week and provided a trading update for the first 4 months of FY22. Overall, the update was strong relative to a weak trading period this time last year however the key takeaways are as follows:
Surprisingly no major change, “Dr Copper” is often regarded as a leading indicator of future economic strength and the last 6-months of sideways consolidation continue even in the face of Omicron selling onslaught. The manner in which the base metal ignored the uncertain tone from bond yields and the headwind of a rising $US implied a healthy market…
Its been a while since we’ve looked at the VIX which is no surprise considering its been a quiet period for stocks – all the volatility has been in bond market land. A spike in volatility has been an almost annual event over the last 12-18 months, I don’t expect 2022 to be any different but there’s no signs of panic on the horizon just yet.
US markets were very quiet (futures open but not equities) as most people considered their Thanksgiving turkey, no change on the technical perspective we remain keen buyers of the S&P500 in the 4600-4650 region but more sideways action does feel likely into early December.
