Lock Down, Market Up

The Morrissey Exchange, Shaw and Partners: Lock Down, Market Up

Based in Melbourne, the Morrissey Group find themselves back in lockdown for the sixth time; and this time round we're joined by most of the eastern seaboard. 

15 million people are locked in their homes in an attempt to stop the spread of COVID-19 with so many industries shutdown creating ever mounting economic and psychological pressure. But despite our three most populous cities being closed-for-business, our stock market is trading at record highs. 

Join Morrissey Group advisors, Ben Morrissey and Alex Henderson, as they look at Australia's current economic environment in comparison to some of our global peers. We may have won the 2020 elimination battle, but at what cost? And do we now find ourselves in the unenviable position of potentially losing the war?

Six and out? Bloody hope so, 6 August 2021 Weekly Update

Six and out? Bloody hope so.

The market continued on its steady rise, up a full 2% this week. The big miners suffered a little, banks and healthcare were strong, but the big move came from a company that didn’t even exist seven years ago.

MG Alpha Model Portfolio Update

Alpha Finishes Strongly; More to Come

The MG Alpha portfolio rose 39.6% for Financial Year 2021, with the broader market rising 23.99%. For the quarter we trailed the ASX 200 rising 3.6% versus 7.7%. The pandemic related panic allowed us to accumulate positions in the banks, major miners and beaten up property trusts and high yield credit income funds, which will prove worthwhile acquisitions in years to come.

Quarterlies aplenty, 23 July 2021 Weekly Update

Quarterlies aplenty

Inflation concerns returned in the US this week, initially setting the tone for global markets. Our market looked to be substantially weaker, but the now regularly recurring buying strength returned, resulting in the ASX200 rising 0.6%.

We are in the midst of a large number of quarterly and half yearly reports being released so I’ll cut straight to it.

Bang, bang, bang… 16 July 2021 Weekly Update

Bang, bang, bang…

No point talking about it really, in we go again.

The ASX200 rose 1% in another scrambly sort of a week; directionless but still ended up. Incredibly unemployment dropped again, this time to 4.9%. The actual number of unemployed dropped by 22,000 to 679,000. The participation rate remained steady at 66.2% and underemployment (those seeking more work than they have) increased by 0.5% to 7.9%.

Uranium is the new Black Gold: 30-Year Veteran Explains (Part II)

The Morrissey Exchange, Shaw and Partners: Uranium is the new Black Gold: 30-Year Veteran Explains (Part II)

Welcome back to The Morrissey Exchange as we pick up where we left off last time.

Join Morrissey Group advisers, Ben Morrissey and Alex Henderson, for part two of their discussion with Shaw and Partners’ Head of Research, Mr Andrew Hines.

In our last episode, Andrew talked us through the nuances of the Iron Ore markets, however conversation this week has turned to the energy sector and the world’s quest for a cleaner alternative. What was wrong now looks right. Has Nuclear Energy come full circle to answer our carbon emissions quandary? Welcome to the upside-down.

Sit back and enjoy the second half of our discussion with the ever insightful and observant, Andrew Hines.