Podcast Archive

This weekend Henry is on the Couch with himself - what you may not know about Henry is that he used to run a multi-million dollar book at a major investment bank involved in index arbitrage and hedging. For those of you looking for an insight into what arbitrage and hedging mean, this is for you. 

The market is behaving itself - before too long worying about the impact of COVID-19 is going to be so passé . We look at some of the main strategy themes this week, some stock specific bullet points and look at why we should see one of the fastest economic recoveries in Australia. We have also given you a sneak preview of some of the content in our "Telling it as it is" online Stock Market Education course that is in the pipeline. Today you can learn about ETFs. Enjoy! 

This is an introduction to ETFs by Marcus Padley author of the Marcus today daily stock market newsletter. This podcast is a teaser for our online 'Telling it as it is' Stock Market Education Course which will be launched later this year. It really needs to be listened to with the spreadsheet on ETFs open in front of you. That spreadsheet is available to our Members in the newsletter today on the ETF page in the main newsletter. For Non-Members you can CLICK HERE or go to the Marcus today website (www.marcustoday.com.au) and sign up for a FREE TRIAL for 14 days and you too will find the spreadsheet available on the ETF page published in today's newsletter along with other ETF resources. If you would like us to contact you when the Marcus Today Online Education course is ready to go please email Katie at [email protected] with the subject line EDUCATION COURSE and she will contact you before the launch. Meanwhile...Enjoy!

Another sideways day today - we talk about being in a trading range and breaking up or down from here. We have a couple of offerings in the newsletter today including an update of the ANATOMY OF THE FALL TABLES and an EXCHANGE TRADED FUNDS SPREADSHEET which is part of our forthcoming online education course - it lists all the ETFs by asset class and has links to their websites. We highlight the risk of the US coming out of lock-downs too early. We also belittle the trade war issue and I go on a rant about someone I was on the radio with this morning. 

Hearing all the right headlines today about business getting back to normal. Even the RBA is talking about a stronger economic recovery than expected. The market is looking a bit sideways this week - we're still fully invested but focussing on stock selection rather than asset allocation. Volatility is still elevated but its settling. Lets hope we build the foundations for another long bull market over the next month or two as we get back to normal. 

The market is behaving itself reversing a 76 point fall yesterday to close up 74 with another 80 points put on the ASX 200 first thing this morning. In the strategy piece today we talk about APT, the Technology sector and the need to take it seriously, the energy sector, airlines and Telstra all being somewhere near the bottom and the hope that we can avoid another down-leg from here. All looking a bit sideways on the charts at the moment, waiting for the next break, a break up hopefully, but as some States and countries come out of lockdowns the risk of relapse news is high. If we can avoid that the road back to a long bull market looks achievable on some timeframe. 

The market is up on the day after the 5% fall on Friday - disaster averted. In the Strategy piece today we address the need to be flexible, the lack of a technical sell signal despite Friday, the irrelevance of a trade war outbreak against the current economic backdrop and how, without the market in a bubble, there is no bubble for a trade war to burst. We also look at a few sectors and decide oil, banks and REITs are all bottoming still. 

Ugly day as the market turns over - Sell in May and Go Away they say - certainly true today. Headlines about Trump imposing Tariffs on China may be the catalyst, that old chestnut. God forbid we start following Trump's Trade Tariff Tweets around on a daily basis again. Or it may be a beginning of month thing, having locked in a great May (ASX 200 up 26% in 26 days) some institutions take today as the day to take a view on the more medium term outlook and beat the rest of the pack to the selling. Or it may be a Friday thing. Everything a bit headless. Lets take it up again on Monday. See the Strategy section for our current settings, which are wrong for a market falling 3.6% in a day. Collins Class Rule? Slap in the face noted but not reacted to. Lets see if this is a blip or a top first.

This week Henry is on the Couch with great friend Julia Lee. Julia Lee is the Chief Investment Officer at Burman Invest. She has 20 years of experience in financial markets. Her passion in markets is in combining fundamental and technical analysis to analyse companies. Julia is one of Australia’s best-known financial experts and a frequent speaker at industry conferences. Julia is on the board of directors for the Australian Stockbrokers Foundation. She has her Master of Business in Finance (MBus), is an accredited Derivatives Adviser 2 (ADA2(ASX)) and is RG 146 compliant. She is also a great friend of Henry. Enjoy!