Viewpoint: Bullish
The ASX200 was clobbered yesterday falling -1.9% plumbing levels not seen since late July as broad-based selling washed through our market, noticeably the “dip” buyers failed to surface as we broke down out of the last few weeks trading range. Only 3% of the main market managed to close up on a day when all pockets of the market suffered, almost 15% of the…
The market has re-rated S32 in similar fashion to AWC in the last fortnight, potentially it’s been the beneficiary of monies leaving the iron ore names. We like this diversified miner and if it can hold onto recent gains in coming weeks the risk / reward will look attractive.
VUK appeals to MM because it affords us exposure to 2 themes we like – a rising bond yield environment and strong economic recovery in Europe. The current risk / reward isn’t particularly exciting around $4 but with VUK and September traditionally volatile its one for the hitlist if we do see a brief return of volatility a distant memory in 2021.
A perfect example of growth stocks experiencing pain during a ”Taper Tantrum” unfolded back in 2018 when the likes of CSL Ltd (CSL) and Cochlear (COH) were flying high and the pick of the bunch in many fund managers portfolios but things can & do change very quickly:
AWC has surged +25% in the last fortnight assisted by supply shortages taking the aluminium price to levels not seen in more than a decade. We feel this style of supply / price squeeze will continue through commodity markets over the coming years assuming we are correct and an economic recovery is poised to gather momentum leading to reflation – a great outlook…
Our favorite vehicle to take advantage of an advance by the Euro is the ProShares Ultra Euro ETF (ULE US) which is leveraged 2x.
Major crypto currency Bitcoin plunged over 18% from its high on Tuesday night with the blame being put at El Salvador’s door after it ran into hurdles with its adoption of Bitcoin – the Central American nation is the 1st country to officially adopt Bitcoin. Apparently the plunge was caused by El Salvador’s government being forced to temporarily unplug a…
The ASX200 continues to rotate around the 7500 area, give it another 9-more days and it will perfectly mirror the 201-point pullback in June / July from both a time & price perspective. Wednesday was a quiet day even while it delivered another recovery from early weakness, we finally closed down -0.2% with less than 30% of the main board managing to…
ProShares Ultra Euro seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the price of the euro versus the U.S. dollar. ProShares Ultra Euro is designed for knowledgeable investors who seek to profit from the euro growing stronger relative to the U.S. dollar.
Capitol Health runs diagnostic imaging under the brands Capitol Radiology & Direct Radiology. FY21 was a strong year despite lockdowns, particularly in Melbourne where the bulk of the clinics are. EBITDA grew 32% in the year in a sign of the pent up demand that flows through from reopening as we all get out and about. FY22 is shaping up to be even better – management guided…
