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The last 7 days has underpinned the 2021 cyclical upside.
January 11 21

The last 7 days has delivered a Democrat controlled Congress. In turn, fiscal stimulus supporting pro-cyclical growth will likely be more assured through 2021.

2021 Asset Allocation Strategy Guide
January 05 21

From toilet paper shortages to lobster gluts, 2020 will be a year that lives on sharply in everyone's memories but what holds for 2021… ​

Chinese Trade Ructions
December 16 20

Rotting lobster, stranded ships, and expensive wine. What is the impact of China’s trade tariffs?

Australian Equities in 2021, Look Beyond China's Tantrums
December 14 20

Looking past China's tantrums, Australian equities should on balance perform well in 2021.

Attention US Technology Investors: A Painful Snap-Back Is Approaching!
December 01 20

ATT: US INVESTORS FAANGM STOCKS ARE TRADING ON DANGEROUSLY HIGH PREMIUM TO THE REST OF THE MARKET, CREATING THE RISK OF A PAINFUL SNAP-BACK FOR INVESTORS.

Careful Playing Market 'Hopscotch'
November 16 20

Careful not to play market 'hopscotch' looking through the rear vision mirror.

Low Aussie Growth, Low China Growth. A Tough Decade For Both Economies.
October 19 20

Over the last decade, China’s growth rate has halved from 10% to now an ‘official’ 5% per annum For the decade ahead, we forecast China growth halving yet again to between 2% to 3% per annum.

Budget 2020 - Economic and Fiscal Implications
October 07 20

Unconstrained by an ideological need to balance the budget of the cycle, the Morrison Government has unleashed the Godzilla of all budget deficits, with FY2021 forecast to exceed $210 billion (11% of GDP). The blowout is a combination of a fall in government receipts (~$60 billion), the forward dating of tax cuts, and a dramatic increase in the level of government spending (~$166 billion), the bulk of which is going to the $102 billion JobKeeper program. The result is a Budget that has something for just about everyone, with almost no one losing out.

Budget 2020 - Individuals and Families
October 07 20

An uncomplicated (and largely as expected) Budget as far as individual taxpayers and investors are concerned, centred around a single big-ticket tax break which will deliver immediate relief to more than half of all Australians.

Budget 2020 - Small and Medium Business
October 07 20

This year’s Budget is a budget for many businesses, just not big business. Most of the measures are targeted at businesses with less than $5 billion in revenue and are particularly focused at the small and medium business part of the economy. The key theme is investment in capital and investment in people, and whilst there are some good measures and incentives for business to invest in both capital and labour, there is little in this Budget to support those sectors more permanently impacted by COVID-19: travel, entertainment, accommodation and events.

Fiscal Stimulus Around the World Supports ‘Smart Industrials’
October 05 20

Astuteness means we're masters of the downside risk. We don't believe everything that's written in the newspaper.

The 30- year Easy Road For Bond Investors Just Reached A Dead-End
September 21 20

Peak performance is also about coming down the mountain well.

We Don’t Hire Advisers, We Build Them.
September 10 20

In a break from the market woes, economic gloom and industry scandals that dominate the financial press headlines, our Managing Partner, Paul Ashworth, has been profiled in a leading industry publication. Paul sat down (virtually) with the Professional Planner’s Nina Hendy recently to share his experience and thoughts on navigating a business, its people, and its clients’ wealth through a pandemic-induced recession.

WEBINAR: Asset Allocation Strategy: Managing the 3 R’s in a Post-COVID World
September 02 20

Asset allocation strategy and its integration with client strategy outcomes is Cameron Harrison’s central activity and focus.

Aussie Households Face Cash Flow Crunch
August 25 20

As mountain guides, we provide the ropes and routes, it’s your summit we protect.

Buying FAANGs Is A Dangerous Game. Go For Tech-Focused Industrials
July 27 20

We're in the business of mapping strategy, where the compass is never true north. It 's a journey where insights and experience are vital.

WEBINAR: Global Equity Strategy - FAANG it or not?
July 23 20

Investors looking for a long-term investment return should look beyond the FAANG’s (an acronym that refers to five leading US technology companies).

Paul Ashworth Named A Top 100 Adviser
June 26 20

Excellence is uncommon. Achieving excellence is our purpose.

Australia Recognises The 'Formality' of Recession (We Were En Route In Any Event).
June 04 20

A bit like the Artful Dodger in Charles Dickens 'Oliver Twist', the Australian economy has dodged and weaved the technical definition of a recession (that is, two consecutive quarters of negative economic growth) for a record 29 consecutive years.

WEBINAR: Fixed Income Strategy - Demystifying Bonds & Fixed Income Strategy Moving Forward
May 27 20

We navigate with analysis, combined with 50 years of balance of risks perspective. It ensures we see the woods from the trees.

WEBINAR: Investment and Economic Strategy Beyond COVID Suppression
May 05 20

Suppression strategies lay at the core of today’s economic, commercial and financial futures with their implications extensive for the next 5 years and beyond.

Fighting The (Pandemic) War Whilst 'Hibernating'
April 03 20

Normally in world wars, we press labour to either fight or produce the armaments that the war effort will require. Resources are fully engaged. A war on a pandemic is the 'polar' opposite - we fight by 'hibernating' labour, production and services.

Fiscal Stimulus
March 23 20

The next wave of fiscal stimulus has been unleashed, but will it be enough to build a proverbial bridge to the post COVID-19 promised land.

RBA Enters the Fray
March 20 20

In a further escalation of the extraordinary policy responses by governments and central banks, the RBA and Government both unleashed further supports to transition businesses through the impacts of COVID-19.

Crisis Transitioning to Constructive Opportunity
March 18 20

The times require extreme prudence, but with an eye beyond the crisis.

Pandemic Mutates With Oil Crisis Geo-Politics
March 10 20

Saudi’s throw a grenade into a bloodbath. In a worrying development for coronavirus-hit financial markets, oil markets are now in crisis.

Panic, Pandemic and Effective Investment Strategy
March 05 20

Astuteness means we're master of the downside risk.  We don't believe everything that's written in the newspaper.  

Investment Update: Coronavirus
February 27 20

The spread of coronavirus outside China has rattled equity markets, but what is the impact for the Australian economy?

Investment Strategy - Part 5: Asset Allocation 2020
February 06 20

Fast world, fast money - it's a recipe for some. We prefer compounding money. It's a better route map.

Brexit Update: Goodbye, it’s been nice knowing you!
January 31 20

Today marks the final day of the United Kingdom’s official membership of the European Union (EU) and the beginning of a post-Brexit UK. So, what does the year ahead hold for a newly single UK?

Investment Strategy - Part 4: Manufacturing Rebound
January 30 20

As navigators we sniff the financial winds, avoiding the choppy swells.

Investment Strategy - Part 3: Stagflation
January 24 20

Inflation hasn’t disappeared, it is well hidden behind a smokescreen of globalisation.

Investment Strategy - Part 1: Bracing for Quantitative Easing
January 15 20

Peak performance is also about coming down the mountain well.

Quantitative Easing: A Two-Minute Guide.
November 27 19

In a speech last night, the governor of the RBA (Philip Lowe) outlined the central banks Quantitative Easing (QE) playbook. This is the first time he has explicitly addressed the RBA’s preferred approach to QE, making it a historic speech for the future of monetary policy in Australia.

Rejoice! Australia’s Residential Housing Correction Is Over… But What Next For The Australian Economy?
November 12 19

High indebtedness means that conventional monetary policy in Australia will not be enough to lift the country out of economic sludge and households will continue to endure a per capita income recession - we term it, a household cashflow recession.

Intergenerational Wealth Transfer - solving for complexity with discretion
November 01 19

You'd like to know that their road will be easier than yours.

Brexit: A Two-Minute Guide
October 21 19

With the sudden uplift in Brexit activity, we have put together a two-minute guide to the current position and the likely outcomes for Brexit.

Australian Monetary Policy is now on 'automatic pilot'.
October 02 19

The Reserve Bank of Australia (RBA) has lowered the cash rate to 0.75% pa. This is remarkable because only in December of last year the RBA stated that "the Australian economy is performing well" and the "outlook for the labour remains positive".

Can Australia's economic 'green shoots' survive?
August 20 19

There are nascent signs of 'green shoots' emerging in the Australian domestic economy. The critical question is whether they can truly take hold and support meaningful, sustained economic growth.

Economically Responsible leads to Outperformance
July 26 19

Astuteness means we're masters of the downside risk.

Interest rates: Lower for (even) longer
June 21 19

The Reserve Bank of Australia (RBA) cut interest rates by 0.25% to 1.25% in June, ending a 33-month streak of inaction – the longest in RBA history.

Noise vs. Meaning: The Key to Investment Happiness
May 24 19

Is the recent collapse in the share price of Company ABC a buying opportunity (noise), or symptomatic of underlying change in the company’s prospects (meaning)?

Equities: A Few Reasons to be Optimistic in 2019
February 11 19

The past 12-months have marked a turning point for global equity markets, as they experienced the first retraction in Price-Earnings (PE) multiples since 2011.

Interest-Bearing Remains Attractive in 2019
February 11 19

Interest-Bearing Securities, or Bonds, provide a key source of income and portfolio ballast to any asset allocation, an importance that has been highlighted by the market turmoil of 2018.

Property: Retail Drags Market in 2019
February 11 19

The listed property (A-REIT) market as a whole experienced a difficult 2018 as the spectre of higher rates early in the year, contracted earnings multiples.

2019 Market Overview
February 11 19

2018 has been a year of recalibration by market participants, after the goldilocks euphoria of 2017 – where all asset classes simultaneously rose.

Debt Hangover – Credit Tap Turns Off
January 25 19

Since the Global Financial Crisis, global banks have stepped back from lending to corporates as they adapt to the litany of regulatory changes and higher capital requirements.

Government Intervention: Right then Left
January 25 19

At the end of a bull market, when the gains have been disproportionately shared between ‘winners’ and ‘losers’, it is not unusual for governments to seek to interfere in an otherwise effectively functioning market.

Quantitative Tightening – The End of Easy Money
January 25 19

Quantitative easing and falling interest rates have been universally good for the holders of capital and investors. The reversal of this process is unlikely to be beneficial for investors and holds the potential to unwind the windfalls that investors have received through re-rating.

Slowing Global Growth – Diverging Fortunes
January 25 19

12-months ago global growth reached a post-recession peak as we experienced synchronised global growth across many different countries.

Good for the gander... but what about the geese?
November 02 18

The Australian economy is expanding, with GDP of 3.4% and unemployment at 5.0%. This growth has supported the increased revenues of the ganders (Commonwealth and State Governments)... but what about the geese (households)?

Volatility back in the spotlight
October 12 18

After nearly a decade of increasingly easy monetary policy, characterised by steadily declining central bank interest rates and quantitative easing – the printing of money to buy long-term bonds with the intent of reducing long-term yields – the major central banks around the world have started to tighten monetary policy. 

Too much bank for your buck?
September 28 18

Properly diversifying your investment pool not only means diversification at an asset class level but also diversifying individual exposures at the security level.

Australian data blues: the reverse wealth effect
September 03 18

Retail sales for July were unchanged from June, going against hopes for a rise of 0.3%. Whilst only a monthly statistical read, it joins a number of poor monthly reads. This, combined with a fall of 0.6% in the ANZ Job Ads Survey in August, now indicates a headwind to further falls in the employment rate.

FANG by Name, FANG by Nature?
August 13 18

Facebook, Amazon, Apple, Netflix, Google are unquestionably (tech) powerhouses of our times. There is a lot to like about the FANG business strategies, but do their valuation and future business performance assumptions stack up?

Will the Bull Market See it’s 10th Anniversary?
June 12 18

As we approach the 10th anniversary of the current bull market, we take a look at current and historical market conditions to assess how much longer this bull market can last.

Who kidnapped Goldilocks?
February 09 18

The recent equity market gyrations over the last 10 days heralds the end to Goldilocks equity volatility, of which the hallmark has been overly-benign volatility for the last five years.

Investment Strategy - Part 2: China's Enters Adolescence 
January 20 02

Lost in the euphoria of the recent Phase I trade deal between the United States and China is the underlying issue that initially led to the trade war; the rising geopolitical and economic power of China, and the corresponding waning influence (and appetite) of the United States. In this instalment of our five-part investment strategy guide preview, we outline why we believe that further conflict between the two nations is inevitable and why it could risk an unwinding of the economic benefits derived from 30 years of globalisation.

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News & Insights

The last 7 days has underpinned the 2021 cyclical upside.

2021 Asset Allocation Strategy Guide

Chinese Trade Ructions

More News and Insights