Treading water, Micron outlook and IPO nightmare
Head of Equity Strategy
Summary: Equity markets have zero momentum left and some markets are even rolling over such as KOSPI 200 which still finds itself in a bear market. Macro figures continue to be weak and next week's crucial US PMI figures could end up being crucial for market sentiment. While the general equity market sees little energy IPO stocks are broadly under pressure with Peloton shares down on their first day of trading.
Judging from yesterday’s equity session markets are clearly treading water with no direction in mind. Macro figures continue to indicate the economic slowdown will continue and last night after the US close Micron Technology delivered a worse than expected outlook for its current fiscal quarter citing US-China trade war uncertainty and general economic uncertainty. Micron’s outlook will drag down other semiconductor stocks and the change in sentiment was evident in Asia with KOSPI 200 down for the third straight day. South Korean equities remain in a bear market and is a good thermostat on the China and global manufacturing growth.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.