Category: Financial Markets

1-30 out of 70 results.

Real Estate and PropertyInflationInternational shares

House prices -v- other Real Assets part 2: Microsoft & US shares

House prices have soared – but that’s mostly just inflation due to continued debasement of paper money. Compared to other 'Real Assets', house prices have fallen in value over time. Case in point: US shares.

Ashley Owen Nov 15, 2024

Financial MarketsInflationInterest ratesAsset classes, asset class returns

October 2024 snapshot: shares & bonds fall as Trump takes lead in polls

Here’s my snapshot on global markets for Aussie investors – including my Top 5 factors moving markets. What is the big policy difference between Trump and Harris that is moving markets? Why have gold and bitcoin been the best asset classes this year? Will the Fed and RBA cut rates this week?

Ashley Owen Nov 04, 2024

Population, demographics, immigrationInternational sharesSocial & Environmental

Report from the Big Apple on election eve 2024 - to the Barricades!

Having spent the past 18 days travelling around North America, here are my top-10 observations on the election race from New York. What are Americans saying about the election race and the campaigns? Barricades are being erected all over New York City – is it in anticipation of civil unrest following the election?

Ashley Owen Oct 30, 2024

CommoditiesStock storiesESG, renewables, climate change

Woodside case study Part 2: Since 1980 – struggling producer to global giant to fossil fuel pariah!

How Woodside went from cash-strapped explorer to global giant and one of Australia’s biggest export earners. Still a wild ride for investors – as a leveraged bet on commodities prices, plus political risks. Despite huge profits and becoming a top-10 ASX company, still struggles to beat the overall market.

Ashley Owen Oct 10, 2024

Commodities & MiningSocial & EnvironmentalCommoditiesStock storiesESG, renewables, climate change

Woodside case study Part 1: 1954 to 1980 – volatile speculative survivor to national hero

Good case study representing the vast majority of ASX listed companies – as a volatile speculative hopeful with no revenues or assets to underpin value. Eventually defied the odds and the elements by actually finding something of enormous value. But it required extreme patience and perseverance – it holds the record for longest wait for first revenue, first profit, and first dividend of any ASX listed co

Ashley Owen Oct 10, 2024

CommoditiesAustralian shares International sharesWars & military conflicts

World War II & share markets – Part 2 of 2: Through to the end of the War and aftermath

Key points: Australian and US share markets did well overall, despite heavy loss of life and attacks on our home soil. Volatile ride for shareholders, but patient holders ahead. Generally good for shares overall, limited only by war-time controls on profits and share prices.

Ashley Owen Oct 10, 2024

CommoditiesInternational sharesWars & military conflictsAustralian shares

World War II & share markets – Part 1 of 2: the Outbreak

War is scary, so it is tempting for investors to panic and race for the exits. It's important to look beyond the media headlines - knee-jerk, herd-following reactions are usually wrong. Usually positive for commodities demand, prices, mining shares.

Ashley Owen Oct 10, 2024

Financial MarketsAsset allocation, portfolio constructionAsset classes, asset class returns

3/4 time score check: 2024 - Great returns despite constant 'recession' fear mongering

Here's my 3/4 time score check on asset class returns to September 2024. Almost all are positive and ahead of inflation. Most are doing better than their long term average returns. Which are the best and worst? How is the end of year shaping up?

Ashley Owen Oct 05, 2024

Commodities & MiningFinancial MarketsChinaInflationInterest ratesAustralian shares International shares

September 2024 snapshot: Fed’s first rate cut + China stimulus boost markets – is it enough?

Here’s my quick snapshot on global markets for Aussie investors Essential 1-page chart covering share markets, cash rates, bond yields, and FX + my Top 5 factors moving markets

Ashley Owen Oct 01, 2024 4

InflationInterest ratesInternational sharesRecessions

Let the US rate cuts begin! Usually good for shares, but it will NOT be plain sailing!

In rate cut cycles, shares have usually posted higher returns, but also higher volatility The big issue is inflation - has it been solved or will it revive like in past cycles? With monetary policy now being eased, can we rely on Trump or Harris for fiscal restraint to contain inflation?

Ashley Owen Sep 18, 2024

EconomicsFinancial MarketsAustralian economyInflationInterest rates

5 Reasons the RBA is not cutting rates like the rest of the world - Why I'd rather NOT see rate cuts

Several other countries are into their second rate cut already - why hasn't the RBA cut rates yet? Here are 5 fact-based reasons When will we get rate cuts here? Why I am NOT looking foward to rate cuts!

Ashley Owen Sep 14, 2024

Commodities & MiningCommoditiesExports, tradeAustralian shares China

Iron Ore – biggest driver of ASX market returns, profits & dividends – where are we now?

The iron ore price is the biggest driver of ASX market returns, profits and dividends, and the biggest contributor to the wealth of all Australians, but iron ore prices have sunk back below $100, taking the big miners with it. Where are we now in the cycle? Why I am bearish short term but reasonably bullish longer term. How I found a 'thousand-bagger' but am no longer invested.

Ashley Owen Sep 05, 2024 1

Financial MarketsInflationInterest ratesAustralian shares International shares

August 2024 snapshot: Shares hold up - still waiting for US rate cut(s)

My essential quick snapshot for Aussie investors What happened in investment markets and why? Who were the winners and losers in global and local share markets?

Ashley Owen Sep 01, 2024

Australian shares Stock stories

Transurban – end of the gravy train for monopoly toll road powerhouse?

Transurban (TCL) was one of Australia’s great corporate success stories – until it was hit by a triple-whammy of Covid lockdowns, inflation, and public/political backlashes. Do the new CEO and chairperson have the political cunning and connections to revive Transurban’s once-golden yellow brick road? Here's my take on Transurban for long term investors.

Ashley Owen Aug 27, 2024

Commodities & MiningCommoditiesAustralian shares International sharesWealth, Inequality

Australia: Most listed stocks per capita, and biggest gamblers in the world - Is there a link?

Australia has more listed companies per head of population than just about any other country on earth – and many times more than the US. Why? Is it because we have many times more viable business opportunities to pursue? Or is it because we have the wiliest stock promoters and spruikers, and we are the biggest gamblers in the world? Actually it is both!

Ashley Owen Aug 22, 2024

Stock storiesAustralian shares MoneyCurrencyAustralian economy

Australia’s big banks: Origin of the Species, or ‘Survival of the Fattest!’

Ever wondered where our big dinosaur banks came from, and how they got so big? And why they are all virtually the same? How Australia became the richest country in the world per capita - without a central bank, without a national currency, and without bank regulation? How the dozens of small, independent, competitive banks became the big-4 government protected oligopoly we have today?

Ashley Owen Aug 15, 2024 2

Stock market crashesInvestment bubbles/busts, cyclesAustralian shares Financial Markets

‘Worst’ days on the ASX? (" . . . THAT’s a knife!”)

After my story on Monday pointing out that the -3.8% fall on the ASX was relatively minor and there have been dozens of worse days on the ASX - many people asked me what those 'big' down days were, so here they are. What were the really bad days on the Australian share market? What caused them? How do they compare to the worst days on Wall Street? Are share markets really 'random' like finance theory claims?

Ashley Owen Aug 08, 2024

Stock storiesAustralian shares Asset allocation, portfolio constructionRetirement planning

CBA in 7 charts – the ‘Steven Bradbury’ of Australian banking – now suddenly a ‘growth stock’?

I am neither a buyer nor a seller - so why does it matter? Why CBA is the 'Steven Bradbury' of the banking world? Its share price is soaring but its fundamentals stalled a decade ago. What sort of returns can we expect in future? Here's my quick take in 7 charts.

Ashley Owen Jul 29, 2024

Stock storiesAustralian shares MoneyAustralian economyFinancial Markets

Labor’s attempt to nationalise all banks in Australia!

Australians have always had a love-hate relationship with their banks. (OK, so it’s mostly hate). But it was not always the case. Believe it or not, there was a time when the Australian public loved their banks so much they kicked out a Federal government that was trying to close the banks down! Here is the remarkable story of Banks -v- Politics, Capitalism -v- Socialism right here in Australia.

Ashley Owen Jul 21, 2024

Stock storiesAustralian shares MoneyFinancial Markets

Which Bank? . . is winning the Battle of the Banks?

Quick 2-question Quiz on Aussie Banks - Q1 - Which of the big Aussie banks has had the largest % share price gain this year? - No it's not CBA, despite all the media attention and hype. Q2 - Which of the big banks has been the best for shareholders over the past one, two, and three decades? - No its not CBA either, despite the widely held belief that it is!

Ashley Owen Jul 17, 2024

Government – deficits, debtEconomicsFinancial Markets

Trump -v- Biden: Economic Report Card on their first terms – how did they rate?

Putting aside personalities, politics, and hair products, what are the facts? What were the actual economic outcomes in each of their first terms? How do they rate on seven key outcomes for investors?

Ashley Owen Jul 11, 2024

Retirement planningAsset allocation, portfolio constructionExchange Traded Funds

My ‘10-4 all-weather ETF portfolio’ – Part 2: What’s in it?

Here is my '10-4' all-weather ETF portfolio. out of the 348 ETFs on the ASX, which 30 are in the 'squad'? which 9 am I using right now? why it's actually not about the ETFs - it's about the game plan.

Ashley Owen Jul 07, 2024 6

Asset classes, asset class returnsAsset allocation, portfolio construction

Another good financial year for lazy investors! How did your returns stack up?

Today's chart shows returns from the main asset classes and sectors for Aussie investors for 2022-3 and 2023-4, including returns from a standard, passive 70/30 'growth' portfolio mix. How did your returns stack up?

Ashley Owen Jun 30, 2024

Exchange Traded FundsAsset allocation, portfolio constructionRetirement planning

My '10-4' all-weather ETF portfolio - Intro

This is my '10-4' all-weather ETF portfolio. It's a simple, low-maintenance, low-cost, long-term diversified ETF-based portfolio that I use for my own long-term money, and as a template for discretionary portfolios for thousands of investors over the past 2 decades. It's simple, effective, and it works.

Ashley Owen Jun 25, 2024 12

Stock storiesBondsAustralian shares

High Yield Debt case study - Virgin Notes

Last week I wrote about the Virgin Airlines disaster for shareholders. That was only half of the story of Virgin's last shot as a listed public company. Here is the other half of the sorry tale - the fate of the buyers and owners of $325m of Vigrin Notes - on the debt side of the balance sheet. It makes a great case study in high-yield / high-risk debt. Are there any new lessons to be learned? &

Ashley Owen Jun 18, 2024

Stock storiesAustralian shares Investment & Wealth Mgmt

Virgin Airlines round 1: Crash Landing for investors

Virgin Airlines is in the news again. It is being tarted by shifty private equity trickers hoping to lure another batch of gullible investors into parting with their hard-earned cash - again. Before getting into the merits of Round 2, it’s worth taking a look at what happened in Round 1. What are the lessons from the last sorry tale? Has anything changed?

Ashley Owen Jun 11, 2024

Australian shares International sharesBondsAsset classes, asset class returnsInflation

May 2024 Snapshot: Inflation, trade wars, but shares stronger. How is your 2023/4 year shaping up?

May 2024 Snapshot: inflation sticky, trade wars escalate, but shares heading for another good year. How is your 2023/4 year shaping up?

Ashley Owen Jun 02, 2024

Managed fundsAsset allocation, portfolio constructionAsset classes, asset class returnsInvestment & Wealth Mgmt

Active fund managers continue to destroy value and line their pockets with your money - Why?

Active fund managers are almost universally useless. Here is my updated report on how much wealth they destroy for Aussie investors. Are they getting any better? Why do we let them take $4.5b from our pockets every year? Where does the money go? How much do they pocket? How much do they just throw away through incompetence?

Ashley Owen May 22, 2024 4

BondsGovernment – deficits, debtAustralian economyEconomicsChina

The Debt Olympics - How do we rate?

Australia and Australians loaded up on debt in the GFC and again in Covid, but how do we stack up against other countries? How do we rate on: Government debt? Corporate debt? Household debt? Is debt good or bad? When does it become a problem? The answers are probably very different to what you may have thought.

Ashley Owen May 07, 2024

International sharesBondsAustralian shares Asset classes, asset class returnsInterest ratesInflation

April 2024 snapshot - rate cut hopes finally dashed - is this the big one?

Here is my essential 1-page snapshot for Aussie investors - covering Australian and US share markets, short- and long-term interest rates, inflation, and the Aussie dollar. Share and bond markets fell back a little as investors finally realised that central banks are not going to cut rates hard and fast. 'Is the is the start of the big correction?' - or 'Are we done for now?

Ashley Owen May 02, 2024

“What sets Ashley Owen’s analysis apart from investment banks and the financial press is his deep fact-based understanding of long-term financial data, rather than getting caught up on the daily noise over issues that may generate trades or sell newspapers today, but will be irrelevant and misleading two years from now.”

Hugh Dive, CFA. Chief Investment Officer, Atlas Funds Management, and frequent expert commentator quoted in the AFR.

“Over the past 20 years, Ashley has been an invaluable assistance to me, as a reliable source of unbelievably strong and interesting data, and many good investment ideas.”

"The depth and quality of Ashley’s research and analysis of investment markets is the best in the business.”

Dr Don Stammer - Australia’s most respected economic writer, commentator, and speaker for the past 40 years, with a distinguished career including the Reserve Bank of Australia, Chief Economist at Deutsche Bank Australia for 21 years, chair of nine ASX companies, plus numerous non-listed and not-for-profit boards. Read more

‘For many years, Ashley has been my go-to source of information and analysis on what’s going on in financial markets and why.’

“Ashley has an encyclopaedic knowledge of the markets – I call him Mr Google!”

Noel Whittaker, AM – Australia’s best-known personal finance writer, columnist, and media commentator for the past three decades. He has written more than 20 books on personal finance, his columns appear in almost every major Australian newspaper, and he appears regularly on radio and TV as an expert on finance and investing. Noel Whittaker AM

“Ashley’s unique fact-based analyses and insights into Australian and global markets are always worth reading. He has an incredibly deep and comprehensive store of financial markets data.”

Chris Cuffe, AO – One of Australia’s best known and most experienced investment managers – former CEO of industry giants Colonial First State, then Challenger Financial; founder and Chair of Australian Philanthropic Services, and Third Link Growth Fund; current/former chair, director and/or investment committee member of numerous funds including UniSuper, Argo Investments, Hearts and Minds Investments, Paul Ramsay Foundation, and many others. Read more.

Financial Markets

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