Just to provide a quick virus update (but please remember that these numbers change daily). Current global cases of COVID-19 stands at 5.56M with an additional 64,000 cases overnight. This latest increase makes it the 57th occasion over the past 58 days where the numbers have increased in excess ... Read more
Market Views by Aziz Meherali
During the GFC, markets took 47 weeks to lose 38%. This time around, it took just 4 weeks from peak to trough to lose 38%! Markets have recovered around half of the downturn experienced in March culminating in a speedy recovery of approximately 15-20% in the past 2 weeks. Overall, markets are ... Read more
Market Rebound or a Dead Cat Bounce —by Aziz Meherali
Markets have rebounded over the past couple of days both Globally and here in Australia. This was partially due to the US$2 Trillion stimulus package approved by the US Senate as well as investor sentiment on increased stimulus measures around the world. Is this a Dead Cat bounce? Our view, as ... Read more
Is this time Different! —by Aziz Meherali, Elixir Private Wealth
Markets have seen one of the fastest and sharpest fall in equity markets in history! From the highs to lows seen so far the falls are extreme .. the Dow is off by -21% , the S&P is down -20%, NASDAQ -20% & ASX 200 -23%. Coronavirus was the ‘Black Swan’ event which had further fuel ... Read more
Friday the 13th! —Horror fizzles out!
Markets were reliving the classic horror movie, ‘Friday the 13th’ earlier today. Last night was the biggest daily drop of U.S shares since 1987! I had spoken to all of you last week and many of you this week as well. We had structured our portfolios towards more of a defensive tilt in the past 6 ... Read more
Market Update —9th March 2020 by Aziz Meherali
Markets have had a substantial correction today on the back of the coronavirus spreading to other nations coupled with the breakdown in talks between the Saudis and Russian to curb oil production. This has caused oil to drop by about 10% as Saudi Arabia ramps up production in retaliation to ... Read more
WHO Joint Final Report of Covid-19
I recently read the WHO (World Health Organisation) report on the coronavirus and thought I would provide a brief synopsis of this report. I have also attached the report for those of you who would like to read it in its entirety. It has some illustrative charts which presents the issue at hand ... Read more
Covid-19 (Coronavirus) and Equity Market Impact —by Aziz Meherali
I had written last week about the potential for a market correction based on this ‘x-factor’ of the coronavirus as an opportunity for the markets to take stock and remove some of the froth. Markets have had a strong run over the past 12 months where valuations are somewhat stretched. Any bad news, ... Read more
ADVISER BLOG —CHIEF ECONOMIST FORUM SYDNEY —February 2020
I attended the Chief Economist Breakfast on Friday 7th of February and though I would share some of the insights I gained on the day with you all. I have shared, at the end of this writeup, a list of presenters and panellists and their short bios to give you an idea of the wealth of experience and ... Read more
Coronavirus —A “Black Swan” Event?
A “Black Swan” event is now potentially unfolding and we have seen the market react to this most recently with falls across the globe last week. I am talking about the Coronavirus. The Australian government has cancelled all travel by Chinese people to this country, apart from those with ... Read more