Viewpoint: Bullish
Goodman Group is an integrated industrial property group. The Group has operations in Australia, New Zealand, UK, Asia and Europe. Goodman’s activities include property investment, funds management, property development and property services. The Group’s property portfolio includes business parks, industrial estates, office parks and warehouse/distribution centers.
Virgin UK (VUK) +14.63%: Rallied strongly today following a 1Q trading update in the UK overnight which was broadly in line with market expectations except for a few variables that could / should drive earnings upgrades.
Amcor PLC operates as a packaging company. The Company offers wide range of flexible and rigid packaging, specialty cartons, closures, and services for food, beverage, pharmaceutical, and medical sectors. Amcor serves customers worldwide.
Silver has given back a lot of its recent “Reddit” ramp gains but on balance we are still bullish although clearly it would have been nice to have taken profit close to the $US30/oz as discussed yesterday – the problem of being a real and not theoretical portfolio!
We remain fully invested in our MM International Portfolio with a cash position of just 6%, plus importantly we remain bullish. The portfolios have enjoyed a solid start to 2021 and at this stage we are happy to sit back and enjoy the wind through our hair!! so to speak but although we do expect the MSCI World Index to make fresh all-time highs in the coming months there will be some excellent opportunities for the Active Investor like ourselves, especially as all the stars are aligning for a 10-15% pullback this year – again no big call as the S&P500 has corrected 10% on average every 16-months since the Great Depression.
US markets rallied strongly overnight with technology shares again in vogue ahead of expected strong earnings numbers from Amazon and Alphabet, both of whom are due to report after market. The S&P500 rallied to within 1% of its all-time high
The RBA were probably forced to remain extremely accommodative by the US Fed’s stance, otherwise the already strong $A would have threatened to burst above 80c faster than our central bank would like.
The correlation between the local 3-year bond yield and ASX200 is not surprisingly very clear, since yields started grinding lower from the 4-5% area equities have become a relatively more attractive asset class
iPath Series B S&P 500 VIX Short-Term Futures ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption dated on the performance of the underlying index, the S&P 500 Short-Term VIX futures TR Index.
Virgin Money UK (VUK) is a banking and financial services brand operating in the United Kingdom. The company has had a difficult time as operational issues then COVID-19 has hit the UK lender for six.
