December 2024 Market Update

US and Australian equity markets rallied after Donald Trump’s November 5th election victory, capping off a year of positive returns for all major asset classes. Gold, International Equities and Australian Property have performed best, generating 20% + returns.
November 2024 Market Update

US and Australian equity markets eased in October, ending a five-month winning streak that had propelled markets to record highs. Bond markets declined and yields rose as investors dialed back expectations for substantial rate cuts.
October marked the start of the US Q3 earnings season. As always, outlook statements mattered most as investors sought to determine if analysts’ future earnings forecasts were attainable.
October 2024 Market Update

September was another eventful month for investors, highlighted by the US Federal Reserve’s first interest rate cut in over four years. The other big news was the Chinese government’s announcement of a comprehensive stimulus package to stabilise the property market and bolster the economy. The barrage of easing measures covered many areas, including rate cuts, further relaxation of housing regulations (mortgages and downpayments), allowing companies to use the central bank’s funding to buy back shares and more support for buying unsold homes.
September 2024 Market Update

August was an eventful month for investors. A US growth scare sparked an initial selloff, but markets quickly recovered as stronger economic data soothed recession concerns. Most of Australia’s leading companies reported profit results in August and provided outlook guidance.
August 2024 Market Update

All major asset classes recorded a positive performance in July as expectations of US interest rate cuts grew. There was a notable shift in equity market leadership from mega-cap technology stocks to smaller companies trading on cheaper valuations. These companies are expected to benefit more from declining rates.
July 2024 Market Update

With another financial year behind us, it is an opportune time to review the past year’s returns.
All asset classes initially faced headwinds as long-term US interest rates reached 5%, the highest level since 2006.
Their October 2023 peak coincided with the market lows.
June 2024 Market Update

Global equity markets recovered in May. The US S&P500 Index gained +4.96% and Australia’s S&P/ASX 200 Index added +0.92%.
The run of resilient growth and stubbornly high inflation data continued in May. Equity markets have focused on the positives, particularly the broadening of growth into the major economies of Europe and China.