{"id":60432,"date":"2012-08-17T10:07:23","date_gmt":"2012-08-17T00:07:23","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/08\/17\/your-editor-on-twitter-105\/"},"modified":"2012-08-17T10:07:23","modified_gmt":"2012-08-17T00:07:23","slug":"your-editor-on-twitter-105","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/08\/17\/your-editor-on-twitter-105\/","title":{"rendered":"Your Editor On Twitter"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/span>, Editor FNArena<\/span><\/p>\n

\n\tI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch<\/span>, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing<\/span> financial markets myself.<\/p>\n

\n\tWhile I am on Twitter, reading a quote here and a news flash there, I offer my own succinct insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.<\/p>\n

\n\tFor those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:<\/p>\n

\n\t– Stockbrokers remain in downgrade mode: WES, ORL, ASX, ABC, BXB and REA all receiving downgrades this morning; earnings estimates sliding<\/p>\n

\n\t– UBS reviews Oz reporting season: earnings down, share prices up. Underlying trend market on course for yet another negative year (FY12 -2%)<\/p>\n

\n\t– Citi warns "buyers beware" as H2 will still be difficult for global miners. Earnings momentum remains negative. Has Neutral sector stance<\/p>\n

\n\t– UBS Resources Team says rally in resources stocks not supported by fundamentals. Analysts believe "risk\/reward for the sector here is bad"<\/p>\n

\n\t– BA-ML stick to their 3 guns: yield, growth and quality. Short term outlook equities positive, but limited reasons for a general re-rating<\/p>\n

\n\t– Dennis Gartman: all of gains in US retail sales were due to seasonal adjustments, without it retail sales actually fell; very disquieting<\/p>\n

\n\t– Macquarie has elevated Ansell to Conviction Buy (Marquee Idea) post better-than-expected earnings report<\/p>\n

\n\t– Reports GS: Oz reporting season on its way to mark the worst post GFC; majority sees downward revisions FY13 earnings forecasts<\/p>\n

\n\t– Down, Down, Everything Down – CBA updates commodity prices forecasts – iron ore down by 16% to USD 128\/t in FY13, by 8% to USD 134\/t in FY14<\/p>\n

\n\t– BA-ML continues to recommend investors position portfolios with exposure to defensive and early-cycle sectors. Underweight Oz energy stocks<\/p>\n

\n\t– My take on why local equities are treading water – all about the banks http:\/\/bit.ly\/OYZZ80<\/a><\/p>\n

\n\t– NAB this morning: "there is no elevator waiting to take the AUD sharply lower". AUDUSD projected to remain inside 1.0455-1.0540 range today<\/p>\n

\n\t– For what it's worth: I have been arguing exactly that (both) for years now – here's plenty to digest and enjoy http:\/\/read.bi\/ROAIRp<\/a> 2\/2<\/p>\n

\n\t– Intriguing discussion among world's elite experts: no correlation between GDP and equity returns, plus Bill Gross' flaw is "dividends" 1\/2<\/p>\n

\n\t– While on the flipside… Citi has issued Global Overweight rating for Oz Banks on continued search for yield and forecast earnings recovery<\/p>\n

\n\t– UBS has some bad news for all you hopefuls out there: no significant CB stimulus ahead as stress in economies not bad enough, so no QE3<\/p>\n

\n\t– NAB observes AUD\/USD trading down to 1.0480 – its lowest level since August 3rd. My earlier Tweet suggests more weakness in store<\/p>\n

\n\t– DB decides to offload resources and other cyclicals as risk rally labeled "not sustainable". Commodities will recover, but too early yet<\/p>\n

\n\t– GS observes: "US equity volume yesterday reached the lowest level since at least 2008 excluding holidays." Not that it's different in Oz<\/p>\n

\n\t– JP Morgan typifies the quest at NAB: "Still Searching For Earnings Growth (6 quarters on…" My analysis says banks are overvalued, beware!<\/p>\n

\n\t– Technical chartists report AUD looks "heavy" and not just against USD. Should we expect more weakness ahead?<\/p>\n

\n\t– PFP's Tim Price: suspect now that the most vulnerable investors in the years ahead will be those that are either hopeful, credulous or both<\/p>\n

\n\t– BA-ML foresees Chinese growth to slightly rebound in 4Q12 but to dip again in 1H13. GDP growth forecasts lowered to 7.4% and 7.7% in Q3\/Q4<\/p>\n

\n\t– UBS predicts easier lending by US banks will push up job creation to 150k per month in second half. Not fantastic, but better than Q2<\/p>\n

\n\t– JP Morgan believes BHP will shelve US$20bn Port Hedland Outer Harbour project and opt for inner harbour route. All shall be revealed Aug 22?<\/p>\n

\n\t– Interesting… both number of dividend payers as well as total dividend payments are at 21st century high in US. Even Apple pays nowadays<\/p>\n

\n\t– Citi thinks small cap stocks are making a comeback with further gains to be seen. In particular likes small resources and mining services<\/p>\n

\n\t– Happily say it again: it was a lot of luck that kept subprime from Australian shores http:\/\/bit.ly\/TxEJtm<\/a><\/p>\n

\n\t– Gartman predicts equities will continue climbing the wall of worry and climb higher. Volatility to leak out of the market<\/p>\n

\n\t– Westpac predicts US GDP growth below 2% in 2013, hence why more QE from Fed is anticipated sooner rather than later. 2% estimated for 2012<\/p>\n

\n\t– Deutsche Bank sees spot iron ore falling to US$110\/t in short term, but response from Chinese producers to put floor under the price<\/p>\n

\n\t– Deutsche Bank cut 2012 China GDP forecast to 7.7% from 7.9%, 2013 GDP to 8.2% from 8.4%. Anticipate no recovery Q3, weak recovery Q4<\/p>\n

\n\t– BA-ML believes no news is good news for capital markets. Strategists would not be surprised if the recent “risk-on” trade runs a bit further<\/p>\n

\n\t– Current price forecasts for metals at Barclays anticipate rally in December quarter on the back of improved global sentiment, China incl<\/p>\n

\n\t– Barclays increases Underweight positions for base and precious metals as fundamentals remain weak and no FOMC meeting as yet<\/p>\n

\n\t– Barclays moves Overweight Brent crude, offset by Underweight WTI position as the latter is expected to underperform in months ahead<\/p>\n

\n\t– Equity strategists (in unison): defensive assets ran too far, while cyclicals have underperformed too much. Not difficult to see why switch<\/p>\n

\n\t
\n\tYou can add my regular Tweets on Twitter via @filapek<\/p>\n

\n\tFind out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This week’s Tweets on Twitter by Your Editor.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60432"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60432"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60432\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}