The All Ordinaries index of Australian Equities continues to move between the upper range of our Cheap valuation assessment and the lower range of Fair Value. With some weakness in the first weeks of January, we are now back in Cheap territory. The Australian share market...
We often speak of the impact of prices on future returns, and specifically that higher prices lead to lower future returns. In our approach to forecasting this is reflected in two elements, a higher price means a lower rate of income and also a reduced...
On Wednesday 6 November 2013, the Treasurer, the Hon Joe Hockey MP, and the Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, announced the Government’s decision to abandon some of the previous Government’s tax and superannuation proposals. The following will be consigned to the rubbish...
The valuations for the asset classes below are based on our long term forecasts, and as we have said many times before – over the long term fundamentals are what matter. In the short term, changes in sentiment are often the dominant influence on price...
Generally some modest moves higher across the equities asset classes depicted below. The impact from the RBA cutting cash rates to 2.5% in early August has not yet shown up in longer dated term deposit rates, hence our risk free threshold remains at 4.4%. We...
The fall in the Australian dollar has made overseas travel more expensive for globe-trotting Aussies and will increase the cost of imported goods, but it provides a much needed boost for the non-mining sectors of the economy. After hitting its most recent peak in April...