Green Book June 1989
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Featured Articles
Australian Bonds…..Time for An Encore?
With Aussie Commonwealth bond yields again up around 14% and the Aussie dollar down to $0.75 U.S., we are moving part of the fixed income portion from both the asset allocation models back into the Aussie bond market.
Bond Market Summary
For quite some time this publication has had a pretty good feel for the bond market. But May surprised me. My expectation was a stronger market early in the May followed by a correction.
Current Outlook
The Major Trend (cyclical bull market) is still healthy, but chances of an intermediate correction have increased.
Growth Versus Cyclical
The following chart and commentary regularly appear in the appendix. Since we are adding a new growth component to the equity model this issue we thought this work deserved a place “up front”.
Scanning the Markets
A performance run down for our equity market sectors ranked by May performance.
Today’s Risk and Return in Australian Bonds
Aussie bonds appear to be a very attractive investment. But what effect will a falling (or rising) Australian dollar in a variety of interest rate environments have on U.S. investors who buy Australian bonds?
View from the North Country
Aussie Bonds Attractive Once Again...MTA Seminar...Copper Update...The Age Wave Consumer...Bullish? Gold Charts
We Now Have a Lot of Company
One of our clients recently said, “I suppose you guys will turn bearish now that we have all come to agree with you.” Well, not yet. The majority can be right for a while. Sometimes it pays to be with the crowd. Our work tells us this is one of those times.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
Australian Bonds…..Time for An Encore?
With Aussie Commonwealth bond yields again up around 14% and the Aussie dollar down to $0.75 U.S., we are moving part of the fixed income portion from both the asset allocation models back into the Aussie bond market.
Bond Market Summary
For quite some time this publication has had a pretty good feel for the bond market. But May surprised me. My expectation was a stronger market early in the May followed by a correction.
Current Outlook
The Major Trend (cyclical bull market) is still healthy, but chances of an intermediate correction have increased.
Growth Versus Cyclical
The following chart and commentary regularly appear in the appendix. Since we are adding a new growth component to the equity model this issue we thought this work deserved a place “up front”.
Scanning the Markets
A performance run down for our equity market sectors ranked by May performance.
Today’s Risk and Return in Australian Bonds
Aussie bonds appear to be a very attractive investment. But what effect will a falling (or rising) Australian dollar in a variety of interest rate environments have on U.S. investors who buy Australian bonds?
View from the North Country
Aussie Bonds Attractive Once Again...MTA Seminar...Copper Update...The Age Wave Consumer...Bullish? Gold Charts
We Now Have a Lot of Company
One of our clients recently said, “I suppose you guys will turn bearish now that we have all come to agree with you.” Well, not yet. The majority can be right for a while. Sometimes it pays to be with the crowd. Our work tells us this is one of those times.
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
