What is going on with banking? Prepared by: Centrepoint Alliance March 2023 1. What occurred with Silicon Valley Bank? The initial signs of weakness within the banking sector started with the amazing collapse of Silicon Valley Bank (SVB). SVB was the US’s 16th largest bank with about $209 billion USD in assets. The main depositors […]
How the different asset classes have fared: (As at 28 February 2023) International Equities International shares struggles in February with positive returns being eked out due to the notable drop in the Australian dollar, this is why we saw unhedged index returning 2.04% and the hedged returning a negative 1.64%. We saw weakness come from […]
How the different asset classes have fared: (As at 31 January 2023) International Equities International shares had another positive month in January with the unhedged index returning 2.96% and the hedged index gaining 6.23%. Once again, markets continued to price in a substantial slowing in economic activity. This sounds like bad news, however, the weaker […]
How the different asset classes have fared: (As at 31 December 2022) International Equities After a couple months of positive gains, markets retraced by -5.48% and -5.21% in unhedged and hedged international equities to end the year 2022. All three major US markets (Dow Jones, S&P 500 and NASDAQ) had their worst years since 2008. […]
How the different asset classes have fared: (As at 30 November 2022) International Equities International shares have now had back-to-back months of positive returns following the gain of 5.45% in hedged shares and 2.01% gain in unhedged shares. Markets rallied due to a mild moderation in inflation within the United States (US). Inflation was 8.2% […]
How the different asset classes have fared: (As at 31 October 2022) International Equities In stark contrast to the prior month, international equities moved upwards in October as markets hoped for some reprieve from central banks raising rates. Hedged equities returned 7.22% and unhedged equities returned 7.82% on the month. If central banks paused or […]
The Technical Team at Centrepoint Alliance have prepared the following summary of key measures outlined in the Budget. Introduction For the second time in 2022, the government of the day has delivered a Federal Budget. Last night’s Budget was the first delivered by the new Labor government that was elected in May 2022. Given the […]
How the different asset classes have fared: (As at 31 September 2022) International Equities Global markets sharply returned to the downward trend that started in early 2022. Fresh concerns regarding global economic growth and stability hit the markets as central banks have not shied away from sticking to their policy of quashing inflation through increasing […]
How the different asset classes have fared: (As at 31 August 2022) International Equities Global growth concerns rose during August with many forecasters revising their estimates for regional and global economic growth lower, this saw US, Europe and Japan all declining in local currency terms. Unhedged returned -2.72%, whilst hedged returned -3.55% across the month, […]
How the different asset classes have fared: (As at 31 July 2022) International Equities In stark contrast to the previous months, international equities posted strong returns during July 2022. Unhedged returned 6.46%, whilst hedged returned 8.02% across the month. Whilst central banks around the world are continuing to raise rates to combat inflation, markets are […]