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We’re moving

July 3, 2012

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  After more than a year and 340 posts I pleased to announce that the Lighthouse Securities Blog is moving, well closing really. As you know I am a writer over at MacroBusiness which is clearly Australia’s leading finance, investment and economics blog. Macro Business is evolving and yesterday we released the first edition of our […]

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Lighthouse Morning Market Wrap – Bears attack again

June 29, 2012

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Not such a good night for risk Not a good night for risk assets and markets as we slid toward the EU summit. US Stocks were down early with JP Morgan in particular under pressure after a New York Times article said that the losses arising from the recent trading problems could be as high […]

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Lighthouse Morning Market Wrap – Thank goodness for US data

June 28, 2012

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Thank goodness for US Data US Data continues to be the key thing between a full-blown risk retreat in the run up to the EU Summit tonight and tomorrow. Overnight we saw the first rise in durable goods for 3 months posting +1.1% in May with machinery and defence orders driving the overall increase. Pending […]

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Lighthouse Morning Market Wrap – Not in my lifetime

June 27, 2012

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Not in my life time! The fact that the Case Shiller housing index printed better than expected (+0.67) seems to have predominated in trade in the US overnight with equity markets finishing in the black. The conundrum in this is that the Richmond Fed index was weak at -3 for its first fall in 6 […]

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Lighthouse Morning Market Wrap – Growth and Europe concerns

June 26, 2012

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Worrying about worrying The markets opened the week quietly in Sydney yesterday morning but as soon as Japan and the rest of Asia joined the fray it was fear, loathing and worry everywhere. The worry is about Europe of course and of the lack of leadership that is expected to be writ large by this […]

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ASX 200 opens terribly

June 25, 2012

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The Australian Sharemarket has opened in a funk this morning with falls across the board. Already the bottom of the range we talked about in this morning’s market wrap has given way and if the ASX closes below the bottom of the range today then the outlook is for at least a 200 point fall […]

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Lighthouse Morning Market Wrap – We await Europe, Again!

June 25, 2012

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It’s a big week for Europe – again Even though Europe was under pressure when the US markets opened the rally in Financial stocks, which finished the day +1.4%, helped the US markets have a much better day than may have been expected. At the close of play the S&P 500 was up 0.34% to […]

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Market Rout Intensifies

May 18, 2012

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I’ve posted the links and the MacroBusiness morning over at MacroBusiness today and I wanted to highlight a few things. Firstly, after a brief hiatus in Asian trade yesterday the selling returned with a vengeance overnight in equity markets as the pending Euro implosion gather steam. Indeed UK Prime Minister David Cameron ratcheted up the […]

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Squaring the Circle – bonds and equities cant both be right

May 3, 2012

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While I was on holidays in Fiji recently I read a book about the Archimedes Palimpsest which was my first real exposure to the study of Archimedean and Greek mathematics outside of school. It really was fascinating but in the context of markets and the economy I was struck by the quote attributed to him […]

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MMMM…Commodities pressuring Australian Equities?

January 10, 2012

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Usually when I think of the CRB (Commodity Research Bureau) Index I’m looking at it as part of my toolkit for the Australian Dollar outlook. But I was talking to a few mates over in Perth yesterday and thoughts turned to the relationship between the CRB and the  S&P ASX 200. We all have our […]

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