BULL MARKETS

We’re at euphoric stage of cycle: Eley Griffiths

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 27 : 2-Oct-18

Eley Griffiths Group’s co-founder Ben Griffiths is upbeat about the outlook for equities. He believes that global sharemarkets are at what Sir John Templeton dubbed the "euphoric" stage of the current bull market. Eley Griffiths boasts around $1.8bn worth of funds under management, and both its small companies fund and its emerging companies fund outperformed the S&P/ASX Small Ordinaries Accumulation Index in 2017-18.

CORPORATES
ELEY GRIFFITHS GROUP PTY LTD, ELEY GRIFFITHS GROUP SMALL COMPANIES FUND, ELEY GRIFFITHS GROUP EMERGING COMPANIES FUND, STANDARD AND POOR’S ASX SMALL ORDINARIES ACCUMULATION INDEX, AFTERPAY TOUCH GROUP LIMITED – ASX APT, PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED – ASX PNI, SIMS METAL MANAGEMENT LIMITED – ASX SGM, AUSTRALIS OIL AND GAS LIMITED – ASX ATS, BLUE SKY ALTERNATIVE INVESTMENTS LIMITED – ASX BLA, NETWEALTH GROUP LIMITED – ASX NWL

Cracks emerging in the case for being bullish

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Original article by David Rogers
The Australian – Page: 27 : 22-Mar-18

The potential for a trade war has been identified as the biggest risk to the global bull market in a survey of fund managers by Bank of America Merrill Lynch. The prospect of a trade war has topped the list of "tail risks" for the first time since January 2017, in the wake of the tariff policies of US President Donald Trump. A sharp rise in inflation and a slowdown in global economic growth were the other key risks identified by the survey of 176 fund managers. However, 58 per cent of respondents expect growth of at least 10 per cent in global earnings per share over the next 12 months.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, FEDERAL RESERVE BANK OF ATLANTA, FACEBOOK INCORPORATED, APPLE INCORPORATED, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, BAIDU.COM INCORPORATED, ALIBABA GROUP HOLDING LIMITED, TENCENT HOLDINGS LIMITED

Bear market might be just around corner

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Original article by Patrick Commins
The Australian Financial Review – Page: 33 : 13-Mar-18

Australia’s S&P/ASX 200 has gained 90 per cent since reaching a low in March 2009. US markets have been the driving force behind the nine-year global bull market. However, Morgan Stanley has identified a number of factors that could be an indicator of a looming bear market. These include strong gains in the last 12 months of a bull market, outperformance by emerging market equities and a widening of credit spreads. Meanwhile, John Higgins of Capital Economics expects the S&P 500 to fall to 2,300 points by the end of 2019.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY AND COMPANY INCORPORATED, CAPITAL ECONOMICS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, HANG SENG INDEX, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Global bull market still charging ahead

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Original article by Myriam Robin
The Australian Financial Review – Page: 15 & 20 : 7-Jul-17

Sentiment among Wall Street’s sell-side equity analysts rose by 2.4 per cent to a five-year high of 56.4 in June 2017, according to Bank of America Merrill Lynch. Australian fund managers are also upbeat about the outlook for shares. AMP’s Shane Oliver notes that the long-running global bull market is unlikely to be affected when major central banks begin to increase interest rates. Citigroup also believes that the bull run will continue, with just two of its 18 risk indicators pointing to a bear market in the near-term.

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, AMP LIFE LIMITED, CITIGROUP INCORPORATED, STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIANSUPER PTY LTD, PERPETUAL INVESTMENTS, MORGAN STANLEY AND COMPANY INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. FEDERAL RESERVE BOARD

ASX tipped to reach 6200 by end-2016

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 7-Oct-15

Citigroup is upbeat about the outlook for global sharemarkets, with equity strategist Robert Buckland suggesting that the market has entered a "maturing bull" phase. The S&P 500 in the US and Australia’s benchmark S&P/ASX 200 have risen strongly so far in October 2015, and Citigroup now expects the ASX 200 to top 6,200 points by the end of 2016. Its previous forecast for this date was 6,000 points.

CORPORATES
CITIGROUP INCORPORATED, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL ALL COUNTRY WORLD INDEX, RESERVE BANK OF AUSTRALIA