Garth Friesen’s Post

Attached please find the Week in Pictures, with charts and commentary as follows:  1. Corporate Credit Spreads Grind Tighter 2. Short-Dated Rate Vol Collapses 3. Loose Financial Conditions 4. Large Cap Dominance Over Small Cap  5. Equity Volumes Hit One-Year Low 6. Non-Profitable Tech Still Lagging 7. Commercial Real Estate: Fundamentals vs. Valuations 8. Consumer Spending Steady (For Now) 9. China Transitioning Back to Export-Led Growth 10. Germany Lagging the Rest of Europe 11. Structural Issues Holding Back Germany  12. New CDX S42 CDS Financials Index

Obviously no one can time the market but I feel this is the right time to find really good companies at reasonable valuations. Because of below par Q2 results and global tensions, market is in a decent consolidation phase. Market needs a strong trigger to have another upmove. These potential triggers can be- 1. Interest rate cuts 2. Increase in government spending #sundaythoughts #investing

For professional investors: Earnings growth is expected to be over 14% on US equities as investors appear bullish. Simultaneously, Europe seems to be offering relative value. Dive deeper into these trends in our latest monthly investment viewpoint.   #Equities #MarketTrends #MarketingCommunication

Do you find the use of ROE effective in evaluating companies' profitability and capital efficiency? We discuss its applications and limitations including other relevant metrics with Paul Chew in The Business Times by Su Shyan Lee. https://lnkd.in/g8tK_qnU #Disclosures #InvestorRelations #FinancialCommunications #Teneo

Global equity valuations are stretched, characterized by the U.S., Europe and Japan all sitting at or near record highs. However, amidst the elevated valuations, pockets of opportunity are emerging, especially within U.S. small-caps, buoyed by favorable economic conditions, and in Latin America, where compelling valuations align with solid fundamentals. Visit our website to help you discover more financial opportunities: https://bit.ly/49ALYM7 #PrincipalHK #Stabilityineverystep Investment involves risks. This material is for reference only. This material does not constitute an offer or solicitation or invitation or advice or recommendation to enter into any transactions. There is no assurance on investment returns.  This material has not been reviewed by the Securities and Futures Commission.

With yields in most fixed income sectors at levels rarely seen in the last 20 years, learn why we believe it represents an attractive opportunity for long-term investors→ https://bit.ly/3xlcoV6

With yields in most fixed income sectors at levels rarely seen in the last 20 years, learn why we believe it represents an attractive opportunity for long-term investors→ https://bit.ly/451rKKX

The European stock market is lagging A LOT The video analyzes the recent divergence in performance between the U.S. and European stock markets. It highlights the strong growth of the U.S. stock market, driven by factors like robust economic momentum and investor confidence. In contrast, the European market has lagged significantly, likely due to unfavorable business environments and economic policies, including high corporate taxes, stringent regulations, and economic uncertainty in Europe, particularly the UK. This has resulted in a decrease in business formation in the UK, while the U.S. continues to attract entrepreneurs and innovators due to its favorable environment. The text concludes by suggesting that without policy changes to support startups and reduce tax burdens, Europe may continue to lag behind the U.S. in economic growth.

Market Summary Key Highlights: - German consumer sentiment improves slightly, yet outlook remains pessimistic. - AUD/USD retraces previous gains, struggling to surpass mid-week highs. - Q2 US GDP growth recorded at 3%, consistent with expectations. - Market eyes on the upcoming release of US PCE data tonight. Market Overview: The US dollar (USD) experienced fluctuations following a series of positive economic indicators, including jobless claims and durable goods orders that exceeded market forecasts. The spotlight, however, remains on China's recently announced stimulus measures. While China has not disclosed comprehensive fiscal support details, it has committed to the "necessary spending" required to achieve its 5% growth target for the year. This announcement triggered a sell-off of the USD, allowing the AUD/USD to recover some of its earlier losses, although it failed to breach mid-week resistance levels. In Europe, the euro strengthened amid positive sentiment from China, yet uncertainties linger. The German consumer-climate index revealed expectations for consumer sentiment to stabilise at low levels heading into October, with households increasingly inclined to save due to economic concerns. The British pound (GBP) appreciated nearly 0.6% against the USD, buoyed by improved risk appetite linked to China's economic stimulus and increased possibilities of a 'soft landing' for the US economy following recent data releases. No additional UK data is anticipated as the week draws to a close. #australia #uk #newzealand #usa #interestrate #dollar #sterling #finance #money #forex #trading #price #business #currency #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #challengercapital #willbanks #marketedge #internationalbusiness #europe #ASIC #ACCC #FCA #SEC #tickernews #bbc #reuters #bloomberg #ausbiz www.challengercapital.org