We're calling it.
Australian Equities have now recovered losses stemming from the 2008 Subprime Crisis sell off and are now at ATHs supported by large corporate buybacks amidst moderate earnings growth.
Our view
- Weaker relative EPS on the back of domestic bushfires, lowered Chinese demand and corporate buyback continuity.
- Lowe & Co running out of monetary stimulus and room to push asset prices higher. We see an unwind on any hawkish commentary out of the RBA.
We see weak price momentum and signs that price is now overbought and due in for a positional correction.
We have added sellside exposure across both our macro and directional portfolios
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We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management
Australian Equities have now recovered losses stemming from the 2008 Subprime Crisis sell off and are now at ATHs supported by large corporate buybacks amidst moderate earnings growth.
Our view
- Weaker relative EPS on the back of domestic bushfires, lowered Chinese demand and corporate buyback continuity.
- Lowe & Co running out of monetary stimulus and room to push asset prices higher. We see an unwind on any hawkish commentary out of the RBA.
We see weak price momentum and signs that price is now overbought and due in for a positional correction.
We have added sellside exposure across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management
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