Research Watch

A Buffett breach, Goldman downgrades the world, justifying Australia’s upswing, portfolio stacking, currency wars, and Feng shui your finances.

Amid all the cheer about the ASX punching back through 5,000 points and the Dow climbing towards new all-time highs, there’s a certain sense of deja vu. Indeed, the Fed has now pushed Warren Buffett’s preferred valuation metric to levels not seen since the frothiest years of the tech and housing bubbles, which reminds Jeremy Grantham of Einstein’s workable definition of madness: constantly repeating the same actions but expecting a different outcome. While Grantham still sees value in certain markets, Goldman Sachs has gone so far as to downgrade equities the world over. Watch out below. On the other hand, Macquarie argues Australian earnings are beginning to justify the domestic rally, and shareholders are finally pressuring companies to invest for growth. Meanwhile, Charles Schwab unveils its portfolio pyramid, Morgan Stanley details its currency war strategy and, in the spirit of Alan’s weekend emails, the latest in the world of pets of finance. In other animal news, ring in the Year of the Snake by applying the ancient Chinese art of feng shui to your portfolio.



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