{"id":61502,"date":"2013-03-15T11:32:26","date_gmt":"2013-03-15T00:32:26","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/03\/15\/your-editor-on-twitter-128\/"},"modified":"2013-03-15T11:32:26","modified_gmt":"2013-03-15T00:32:26","slug":"your-editor-on-twitter-128","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/03\/15\/your-editor-on-twitter-128\/","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– Reports Standard Bank: upside for #copper seems capped and we remain bearish towards copper’s short term price prospects<\/p>\n

\n\t– Citi<\/span> economists suggest Oz labour<\/span> market data distorted by Australian Open Tennis Tournament! Better to focus on unemployment rate (stable)<\/p>\n

\n\t– Iron Ore price continues to weaken ^tp<\/span> (Source;Bloomberg) pic.twitter.com\/My73PcX6dk<\/span><\/a><\/p>\n

\n\t– Stats to contemplate: YTD gains for banks, cons staples and cons discretionary are 16-17% (ex-divs<\/span>) while materials sector is up… 2.65%<\/p>\n

\n\t– Morgan Stanley changes view to no more RBA<\/span> rate cuts as risks for Oz economy seen shifting to upside as loose policy tentatively kicks in<\/p>\n

\n\t– Investors switching into #resources stocks? Chart by Morgan Stanley today suggest underperformance<\/span> of sector since March 2012<\/p>\n

\n\t– Oz #banks now expensive on all valuation metrics, says UBS. Analysts concerned share prices are disconnecting from fundamentals<\/p>\n

\n\t– Goldman Sachs lowers 2013 Oz GDP forecast to 2.4% from 2.7%. Non-mining should be strong in 2014 on 2x<\/span> RBA<\/span> cuts and AUD\/USD below parity<\/p>\n

\n\t– Reports BA-ML: "Our conviction in the Great Rotation out of bonds and into stocks is as strong as ever"<\/p>\n

\n\t– Gap narrowing: #BHP<\/span> still Oz number one company (market cap $114.5bn) but #CBA<\/span> closing in rapidly ($113.5bn) – less than one percent left!<\/p>\n

\n\t– NAB pares back expectations to 2x<\/span> RBA<\/span> cut by 25bp<\/span> this year. Global growth estimated at 3.3% in 2013 and 3.9% in 2014 (2.3% and 2.0% for Oz)<\/p>\n

\n\t– The power of different angles: spot #ironore<\/span> at lowest level for year to date, 9% off peak but still at USD144.1 tonne<\/span>, well above estimates<\/p>\n

\n\t– RBS<\/span> Morgans<\/span> sees QBE<\/span> no longer as a solid yield stock, predicts lower dividends for longer, though fortune remains tied to US economy<\/p>\n

\n\t– RBS<\/span> Morgans<\/span>: are beginning to believe that part of reason for the slowdown in the Australian economy has been the effect of the carbon tax<\/p>\n

\n\t– GS<\/span> strategists move Neutral #Resources, Overweight #Banks with short term cautious view on equities. Target year-end rises to 5300 from 5000<\/p>\n

\n\t– CIMB<\/span> reiterates Oil Search (#OSH<\/span>) is stand-out in large cap oil and gas sector in Oz. #Woodside (#WPL<\/span>) regarded too expensive, Underperform<\/span><\/p>\n

\n\t– CS lowers valuation #BHP<\/span> on lower value from US oil and gas output. Finds shares are Fully Valued at present level. Neutral, target $40<\/p>\n

\n\t– Concludes Citi<\/span>: DJIA<\/span> at new highs without Big Rotation out of bonds and with traditional Risk Off sectors outperforming. Conclusion?<\/p>\n

\n\t– Changing relationship between US equities – crude oil – US dollar and, says BAML<\/span>, it all relates back to US oil http:\/\/read.bi\/15Itggx<\/span><\/a><\/p>\n

\n\t– Remarkable: 7 stocks in DJIA<\/span> responsible for most of the gains and Nasdaq<\/span> still some 35% below peak in 2000. ASX200<\/span> carried by 11 stocks<\/p>\n

\n\t– BTIG<\/span> strategist Dan Greenhaus<\/span> sees "macro exhaustion" + micro focus allowing US #equities to continue grind higher throughout 2013<\/p>\n

\n\t– Good to keep in mind: China's economy makes slowest start since 2009 http:\/\/bloom.bg\/X5ulz4<\/span><\/a><\/p>\n

\n\t– Uber-Bull<\/span> Jeremy Siegel joins the debate about How High Can The Dow Go? http:\/\/read.bi\/Y8U7iP<\/span><\/a><\/p>\n

\n\t– RBS<\/span> Morgans<\/span> on #gold: With macro-economic drivers likely to push and pull this year, we believe the sector suits traders over investors<\/p>\n

\n\t– Funds Flows: high yielding bonds see largest inflows in 5 months. Precious metals suffer from redemptions<\/span> for four weeks in a row<\/p>\n

\n\t– Funds Flows: US equities enjoying 15 straight weeks of inflows. BA-ML reports this is longest winning streak in 13 years<\/p>\n

\n\t– This does not get enough attention: why most #gold equities are a bad investment (and have been suckers) http:\/\/bit.ly\/Y1buD9<\/span><\/a><\/p>\n

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

\n\tFind out why FNArena<\/span> 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":[48],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61502"}],"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=61502"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61502\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}