A few weeks ago I put out a very simple note flagging the commodities space as our preferred area based on the following reasons:
1. USD weakness = commodity strength;
2. Copper strength = global bullishness = good for commodities;
3. Commodity Index is at a historic discount to the US index;
4. Commodity ownership = inflation hedge
I thought I’d take a little time out on the first note of the year to talk about commodities & the year ahead. There’s a few things I’d like to present for your opinion and discussion.
When historians look back on what words to describe November 2017 with, “lithium” and “Bitcoin” would be sure to make the list.
Lithium, cobalt, graphite and the Pilbara gold explosion all made some spectacular gains.
Firstly to the banks, which have been receiving just the right amount of attention based on this time of year.
A few notables:
CBA’s legal beagles were keeping a close eye on the Tabcorp’s recent trial on AML/CTF breaches specifically because
First off please take a minute to peruse this from the FT outlining the politics behind the 19th National Congress of the Communist party of China kicking off tomorrow.
Anyone who read my last missive would have noted how strongly bearish retail I was at the time. This has not changed. Yesterday’s retail numbers were just the confirmation I was after as well.