To access this content, you must purchase One Day Access, Seven Day Access, Fourteen Day Access, One Month Access or One Year Access.APAC Assistance’s Lighthearted Review of Australasian Markets and Global Macro Issues (Issue No. 38 December 17, 2018)
QUOTE OF THE WEEK:
A ‘Santa rally’ for investors looks increasingly unlikely. Wednesday’s US Fed interest rate decision is now critical.
A .25% rise is expected and will increase our pain. No change &/or dovish commentary may be enough for Santa to appear:
“If Santa fails to call, the bears will roam on Broad and Wall” old Wall St maxim
CHART OF THE WEEK:
With Trump’s tax cuts and the lowest interest rate regime since the Bronze Age, US companies took full advantage in 2018.
Ytd stock buyback authorizations exceeded US$1trn, up 72% v 2017. That’s almost 25% higher than the prior record set ominously just before the GFC in 2007.
To access this content, you must purchase One Day Access, Seven Day Access, Fourteen Day Access, One Month Access or One Year Access.
To access this content, you must purchase One Day Access, Seven Day Access, Fourteen Day Access, One Month Access or One Year Access.