Author Archives: Remo Greco

For all the bulls..

Posted on March 7, 2013 by Remo Greco

For all the bulls out there and those bears who are having second thoughts…this is an interesting article from MarketWatch’s Mark Hulbert (source; wsj.com That prospect has more than just a few investors worried, as the index gets within a … Continue reading →

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One for the bears…

Posted on March 5, 2013 by Remo Greco

As investors (and the risk asset markets they inhabit) have recovered from their deep trough of panic, Credit Suisse believes the recovery has followed a somewhat predictable pattern back to euphoria. The trouble is, based on the last 3 ‘panic’ … Continue reading →

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Core Investment opportunity….

Posted on February 28, 2013 by Remo Greco

Recently, we launch our new fund called “Core Balance Fund – model Portfolio” which is being offered to the public for the first time through the Linear platform. The model suits investors looking to place their superannuation or core investment portfolio … Continue reading →

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Reality check coming?

Posted on February 26, 2013 by Remo Greco

This chart from Goldman Sachs  supports our “feeling” that everything is not quite right. There just seems to be so many divergences around at present despite the big supports coming from central bank intervention. This chart shows that macro fundamentals have collapsed … Continue reading →

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All aboard!!

Posted on February 26, 2013 by Remo Greco

Hedge funds are now more exposed to stocks than they’ve been in six years following another underperforming year…. (Source; WSJ.com)

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Diminishing returns?

Posted on February 26, 2013 by Remo Greco

Interesting graphic from Morgan Stanley showing the split of income and capital gains in total returns – by decade. While many people think dividend chasing is only a current phenomenon, its been a key part of investing since the 50′s….funny … Continue reading →

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February 2013 Investment report

Posted on February 23, 2013 by Remo Greco

The chase for yield and the impact of the mining slowdown is demonstrated in the lack of correlation within the market indexes. Leadership in the rally over the last 12 month has been skewed towards the top 50 stocks with … Continue reading →

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A few markets thoughts…

Posted on November 27, 2012 by Remo Greco

Plenty of cash…but will investors invest? Since the GFC, Australians have added $421 billion to bank deposits equivalent to 33% of equity market capitalisation according to latest Citigroup research.  Consequently, the cash weightings for both superannuation funds and households have … Continue reading →

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Another 2013 recession call for Australia

Posted on November 5, 2012 by Remo Greco

Societe Generale’s Dylan Grice is is sticking to his statement that Australia is “a credit bubble built on a commodity market built on an even bigger Chinese credit bubble.” In this clip he explains why he is concerned about the … Continue reading →

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Red Flag

Posted on October 18, 2012 by Remo Greco

Experienced market professionals are ever watchful for ‘Red Flags’ that signal market turning points. Today we may witnessed a couple. The ASX 200 rose a strong 36 points while CBA fell 10 cents and Wesfarmers fell 17 cents. These stocks … Continue reading →

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GFC #2 – not on my watch….

Posted on September 28, 2012 by Remo Greco

Earlier this month, the Fed surprised markets by announcing a new open-ended QE program focused on Mortgage Backed Securities (MBS). The Fed’s balance sheet will start to grow again – to the tune of $40 billion per month – this new … Continue reading →

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Telstra – has the bell rung??

Posted on August 9, 2012 by Remo Greco

Last Tuesday, TLS traded at $4.09 the highest price in 3.5 years as investors bought ahead of today’s profit result and dividend. Yesterday, UBS downdraged the stock from buy to hold - as the stock had reached fair value in their view….this saw some … Continue reading →

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Stall speed….

Posted on July 6, 2012 by Remo Greco

Last night we saw Central Banks continue to cut rates in an attempt to promote growth…but this is almost 5 years on from the GFC and encouraging growth remains a big problem. The following chart from David Rosenberg (Gluskin Sheff) … Continue reading →

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Glass half full….

Posted on June 12, 2012 by Remo Greco

Last week, RBA Governor Glenn Stevens delivered a speech entitled “The Glass Half Full”. He highlighted that the broader Australian public have a particularly pessimistic view of the economy considering the rate of underlying growth, the relative health of the … Continue reading →

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Why U.S. Economy is Heading Back Into Recession

Posted on May 13, 2012 by Remo Greco

Economic Cycle Research Institute’s Lakshman Achuthan on The News Hub discusses why he believes the U.S. economy is heading back into recession in the next several months. Source; Marketwatch 9th May 2012

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Telstra beats market averages by 200%….thanks Future fund

Posted on April 27, 2012 by Remo Greco

On 20th August 2009, the Future Fund has reduced its shareholding in Telstra Corporation Ltd, with investment bank UBS successfully placing 684.4 million of the fund’s Telstra shares, worth $2.37bn with institutions at a price $3.47 – a 4.9% discount. … Continue reading →

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Canary in the coal mine??

Posted on April 19, 2012 by Remo Greco

The following is an interesting take from an US blogger on a looming issue in this country…….I am always interested in how offshore investors see our economy and markets as they have different perspectives…. To put this story into context, … Continue reading →

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China’s growth slowdown

Posted on March 18, 2012 by Remo Greco

Adrian Mowat, chief Asian and emerging-market strategist at JPMorgan Chase & Co., cites evidence of declining commodity consumption–particularly steel and cement–as evidence of a hard landing now playing in the Chinese economy. Longer term this cool down is healthy for … Continue reading →

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Time for a reality check?

Posted on February 26, 2012 by Remo Greco

Volatility has been crunched, down days of -1% or more are a distant memory, bad news is greeted with flat or up markets…..some may suggest that this is a direct result of the mountains of liquidity pumped in by central banks, others … Continue reading →

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Who’s got your back??

Posted on February 11, 2012 by Remo Greco

One of my favourite bloggers is Danielle Park of Juggling Dynamite because she tells it like it is. She gives our industry a real kick when it needs it and in this post below she highlights just how conflicted our industry … Continue reading →

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