BanyanTree Investment Group 
U.S. President’s approval rating As investors start to look towards 2026, there is a key event which will take place toward the end of 2026 – the U.S. midterm election. Leading up to and the result of this midterm election could have a material impact on the economy and financial markets. U.S. President Donald Trump … Read more
IEA new bullish oil demand forecastsOver the past 5-10 years the predictions for oil have been dire. However, a recent update from a leader in all things energy – International Energy Agency (IEA) – caught our attention. It appears the IEA is no longer certain about the peak in oil demand…in case you missed it, … Read more
It has been a busy month and half with companies from around the world (with a particular focus on the U.S.) and Australia providing an earnings update. Perhaps more importantly investors were interested in hearing managements’ commentary on the current trading environment and their twelve-month outlook statements. While share prices may bounce around over the … Read more
CSL is well owned across Australian investor portfolios, including Banyantree Australian Core Equity strategy. The recent share price decline has caused us as much angst as anyway else. CSL’s recent share price decline and overall trend over the past 1 year (price down from ~$310 to $220) has raised a few questions. In our report (attached … Read more
On gold, the question we are not asking is whether the price will go up or down and concerns around the price being at an all time high. The question for us is more a portfolio construction and diversification one. Do we believe gold [as perceived by the market (remember: in our view history rhymes … Read more
The markets have made a remarkable recovery from their “Liberation Day” induced sell-off in early April, with the S&P 500 Index up +28.3%, S&P/ASX 200 Index up +16.6% and MSCI All Country World Index (AUD) up +17.3% from their April lows (at the time of writing). If we look across the global equity complex, apart … Read more
The latest Australian inflation data is only likely to increase investors’ expectations for the Reserve Bank of Australia (RBA) to cut the RBA cash rate further in the current easing cycle. Australia’s consumer price index (CPI) for all groups increased +0.7% for the June 2025 quarter or +2.1% on an annualised basis. The more closely … Read more
European equities are increasingly gaining favour among global investors at the expense of U.S. equities. Funds flow data and recent performance point to this fact. The question is whether this trend is sustainable? Europe’s STOXX 600 Index has experienced a sustained, long underperformance relative to U.S. equities (S&P 500 Index) since the global financial crisis. … Read more
Energy markets are receiving fair bit of airplay over the past few days as tensions in the Middle East have materially escalated and this morning one of Australia’s largest companies, Oil & Gas producer Santos Ltd (STO), has received an all-cash bid of $8.89 per share from Abu Dhabi National Oil Co (a state-owned company). Let’s … Read more
The RBA delivered a widely expected 0.25% cut to the cash rate at its recent monetary policy meeting, taking the official RBA cash rate to 3.85%. The Board noted the following in a statement accompanying the decision: “The Board judged that the risks to inflation have become more balanced. Inflation is in the target band … Read more
