Zach Riaz

Will global markets continue to rally in 2025? Below we provide some thoughts on how things could play out.   Easing monetary policy cycle should benefit non-U.S. stocksThe recently published December edition of the Blue Chip Financial Forecasts survey highlighted that there is an expectation that the U.S. election results will now see a slower … Read more

Trump euphoriaSince the election of U.S. President Donald Trump for a second term, investors have been busy deliberating what it means for the global economy and financial markets. So far markets have reacted very positively to President Trump’s decisive win against Kamala Haris, with Republicans gaining control of both houses. President Trump campaigned hard on … Read more

Harris Lost and Trump won. We will allow the political analysts to dissect the rest. However, the emotionless, apolitical, atheist data was right again (well…approx. 82% of the time it’s 100% right!). On occasions the S&P 500 index fell the month before the U.S. election (i.e. October), the incumbent party lost the White House on most … Read more

The Australian economy, like the global economy to be fair, is muddling through. That is, despite significant increases in interest rates, higher cost of living and doing business, economic growth remains positive. Although GDP growth continues to moderate. A key part of the Australian economy is the consumer and below we discuss some indicators related … Read more

Over the past 2 years we have been very much focused on expanding our global network of investors, economists, analysts and industry experts we regularly touch base with so that we can drive better portfolio outcomes for our clients. Whilst we conduct our own independent research across all asset classes and investments, it’s important we … Read more

Australia’s negative gearing back in the headlines. Before we get to what is driving markets globally, it is worth highlighting that the sensitive topic of negative gearing is back doing the domestic headlines. Australians have an affinity to the housing market (often the largest component of their total wealth) and a large part of the … Read more

It’s been an interesting month or so in global equity markets. However, if all you did was look at the price movements across key global equity markets in our daily morning report (see Fig 1), you would probably struggle to understand the “interesting” reference. All seems calm with prices up across the board. But these … Read more

Who bought the dip? We often hear how retail money often rushes in to buy the dip in scenarios we had earlier this week. Well this time it was different. When the markets crashed on Monday, it was the retail investors who sold whilst institutional investors gradually increased their buying as the carnage rolled on through … Read more

The narrative around a “new commodities supercycle” has received a lot of airplay in recent years. Commodities have seen a material rally in prices from their 2020 lows, which only adds fuel to the narrative. It is a worthwhile exercise considering the opposing argument in this narrative – what is the market missing?   There have … Read more

Last week we travelled to Hong Kong to attend a global investment conference and conducted several meetings with – Hong Kong listed companies (some of the largest companies with not only exposure to Chinese markets but assets in developed markets), buy side investors, strategists, fund managers and bottom up equity analysts. These trips support our … Read more