{"id":60469,"date":"2012-08-24T11:20:27","date_gmt":"2012-08-24T01:20:27","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/08\/24\/your-editor-on-twitter-106\/"},"modified":"2012-08-24T11:20:27","modified_gmt":"2012-08-24T01:20:27","slug":"your-editor-on-twitter-106","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/08\/24\/your-editor-on-twitter-106\/","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<\/span>.<\/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– Iron ore cracked the ton yesterday closing at $99.6\/t, lowest levels since Dec 09. Interestingly the AUDUSD was trading around 90c then<\/p>\n

\t– Uh-Oh. Citi expects euro problems to last, with "prolonged economic weakness". 90% odds for Grexit in 12-18 months, but likely in next 6mths<\/p>\n

\t– Dennis Gartman sold 50% of his US equities exposure. Hoping for more gains, but fearing weakness may announce itself instead<\/p>\n

\t– Fed's minutes confirmed more action at Sep meeting. But what? Maybe extension ZIRP into 2015 is all that's on the agenda? Would disappoint<\/p>\n

\t– Price of China import Iron Ore Fines 62 now at US$104.70\/t. Keeps the world guessing whatever happened to high cost marginal producers exit?<\/p>\n

\t– US economy will slide into recession in 2013 if Congress fails to act on current tax rates and avert deep cuts to federal spending, says CBO<\/p>\n

\t– Joke today, but reality tomorrow? Italy holds elections in April 2013. Is a return of Silvio Berlusconi completely off the cards? Maybe not?<\/p>\n

\t– The past week saw 43 downgrades by stockbrokers against 12 upgrades. Down today incl AMC, BGL, CFX, EHL, MND, NFK, SBM, SHL. MGR+QRX went up<\/p>\n

\t– Iron ore prices drop sharply as questions surface over whether Rio Tinto is being forced to sell contracted shipments http:\/\/<\/span>bit.ly\/OvxEYf<\/span><\/a><\/p>\n

\n\t– A bit slow; RBS has (finally) lowered price forecasts for bulks with iron ore and met coal dropping by double digits. Bottom thermal coal?<\/p>\n

\n\t– Nomura sees "serious risk off" period ahead with S&P500 anticipated to fall by 20-25% on disapointment from central banks, US elections<\/p>\n

\n\t– Forex.com 's Kathleen Brooks: Correction? Unlikely. Pullback? Possibly. Technicals still positive. Investors should watch AUDUSD<\/p>\n

\n\t– ANZ: China slowdown worse than anticipated; imminent outright policy easing has become necessary. ANZ awaits 50bp RRR cut Aug, +100bp more<\/p>\n

\n\t– Fairfax journos hold stop work meetings today to discuss the axing of 300 jobs. http:\/\/www.afr.com\/p\/national\/fairfax_journos_hold_stop_work_meetings_TT9csQEkhgKjY55U6oEmvM …<\/p>\n

\n\t– A market without sellers only needs a few buyers to keep grinding higher. Observe equities anno August 2012. Can go on for a while…<\/p>\n

\n\t– Oz reporting season is unleashing flood of rating downgrades. Today it's BEN, BSL, CSR, DLX, DXS, OZL, QBE, RRL, SYD and WSA. 1 upgrade: MOC<\/p>\n

\n\t– UBS research: basket of growth stocks paying dividends would have outperformed US market by 21% since lows of March 2009; same risk-adjusted<\/p>\n

\n\t– UBS maintains iron ore prices will bounce in Q4. State analysts: "We are increasingly bullish on iron ore’s very short-term outlook."<\/p>\n

\n\t– Double Standard in Oz: DB reports overall reporting season shaping up as worst since 2009 (EPS -5% so far); defensives are on a roll (+12%)<\/p>\n

\n\t– Meanwhile in the background: situation to worsen in Portugal with government to ask for 2 year extension, Citi predicts. No exit anticipated<\/p>\n

\n\t– Remarkable: GS US Strategist Kostin advises investors take money OUT of the market as lame Congress will fail to address Fiscal Cliff<\/p>\n

\n\t– Macquarie believes oil markets fundamentally overvalued but various elements of support remain in place, incl risk on sentiment, technicals<\/p>\n

\n\t– CBA now believes Chinese support for steel prices (via infra projects) likely to kick in from 2013 rather than late 2012. Same for iron ore<\/p>\n

\n\t– RBS sees no major shift in the Chinese commodity demand structure. Earnings to remain pressured. Prefers energy, gold and mining consumables<\/p>\n

\n\t– RBS strategists acknowledge miner valuations look appealing, but where's the catalyst? RBS sees none (for now). Iron ore on cost support H2<\/p>\n

\n\t– ANZ now RBS' preferred Oz bank exposure (instead of NAB); BHP over RIO, OSH favourite in energy sector (short WPL), new long position Qantas<\/p>\n

\n\t– Dennis Gartman: Bears can argue the fundamentals but they cannot argue the price. Traders with short positions increasingly uncomfortable<\/p>\n

\n\t– Danske Bank: "near-term outlook for global economy looks less favourable now than six months ago"; too early for (much) higher bond yields<\/p>\n

\tYou can add my regular Tweets on Twitter via @filapek
\n\t <\/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\/60469"}],"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=60469"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60469\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}