New job, new firm but the same Free Whelan. Thank you for your continued support and keep unlocking valuable insights into the global market every week with me!
It’s another storm or “things” today with what I’m seeing out there. Firstly, what I’m seeing is nothing but dominance from my teams, old and newly adopted.
Swans through to the bid dance vs Lions.
My family’s new team Roosters through to the semis
My home team favourites the North Sydney Bears play the blue baggers in the NSW Cup this weekend.
The BPC All Stars are lining up well and training has been going well. Robbie Farah leading the way against Thurston and the Barbarians.
Training sample here. Tigers legend (and Australian Rep) Chris Lawrence and I have been working on some set plays. Link here
But we have almost proven that with determination and training a finance person can become educated in the finer arts of football. It absolutely stands to reason that a football person could become educated in the finer arts of finance.
Podcast
We cover this and much more on the podcast this week. Which is also covered below, along with lots of amazing things about Hydrogen cars coming from the exceedingly knowledgeable head of H2X Antony Tolfts. For any more information about this company please reach out. Link Here.
Meanwhile…back to normal programming.
The Fed…wow. 50bps. Something that many pundits concluded was actually fairly well expected, despite 105/114 economists being in the 25bps cut camp.
One of the things I hate about financial expectations is that it’s far easier to be wrong in a crowd.
Either way it’s dovish and as mentioned a few weeks back that if the signs are bad the Fed has wiggle room to fix and it should turn out “ok”.
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Source: BofA Global Research
“OK” is an understatement. US equity funds saw the third largest weekly inflows of the year.
Is it still a buy? Maybe not with the same gravity. Valuations are above both averages.
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Source: Stockhead
In the podcast we mention that Consumer Discretionary is a good chance of a further bid on the back of a robust US consumer.
I’d have a look at some of the ETFs in the discretionary space.
VCR is the one, listed in the US with a chart that looks how you’d expect.
Source: Google
Courtesy Google because I’m in a rush.
Remember a few weeks ago we said the smalls are the place to be overweight with the rotation to that space back on the agenda too. I double that view. A tiny allocation of Mag 7 money to the space megaphones any allocation. Here’s what happens to smalls when rate cuts hit.
I’ve mentioned small cap ETFs before but a small cap with leverage to the US consumer listed here is Lovisa (LOV.ASX) and it’s worth a look at first glance.
Source: Jefferies
Some fun to finish with and that’s how extraordinary my all time favourite market is compared to one that almost was. The “show me” story beating the “tell me” story again.
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Source: efinitiv, as of 9/18/2024, using MSCI India USD and MSCI China USD Total Return Indexes. File #0883
And a reiteration of how important power is to data centres. Microsoft is assisting in the restart of a nuclear plant to help power its data centres.
Courtesy Constellation Energy.
The only Power I want to hear about. Can’t stand Port Adelaide.
Good luck and stay safe.
If you want to have a look at our charity football game next week follow this link to find out more.
All the best and stay safe,
James
Introducing BPC Wealth Management
BPC Wealth Management is dedicated to shaping a resilient investment portfolio, empowering you to achieve and sustain your financial aspirations. While the foundation of your portfolio focuses on long-term investments, through BPC, clients will be offered opportunities in equities trading and equity capital markets. This aspect is highly customised, allowing asset flexibility. Discover how our proactive and client-focused approach can help you achieve your financial aspirations by booking your discovery call with James Whelan.
