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Note from the MD
The S&P/ASX 200 Index closed up 27.40 points (0.39%), closing higher for a second successive session with improvements for large cap mining and health stocks. IT was the best performing sector with Wisetech Global (ASX: WTC) surging 8.98%. Cimic Group (ASX: CIM) also jumped 9.80% while Afterpay Ltd (ASX: APT) fell 1.70%.
Earlier this afternoon, the Governor of the Reserve Bank, Philip Lowe, stated that the RBA expects growth of 2.75% in Australia this year, which is “a little above our current estimates of medium term growth”. This is an increase from the estimated 2% growth rate for the year ending 2019. Philip Lowe noted we currently experience a world with “low unemployment, low inflation and low interest rates”, and Lowe believes we’re going to stay there for quite some time given the structural factors underpinning the economy. He noted that low interest rates are causing asset prices to increase referencing in particular the large growth in equity prices across the globe.
Asian, US and European markets all climbed today. Britain is planning to bring forward a ban on the sale of all new petrol, diesel and hybrid cars from 2035, five years earlier than previously planned in attempts to meet emission targets. The ban will limit new purchasers choices to electric or hydrogen cars, and it will be interesting to track the flow on effect towards some of the world’s cornerstone companies and how they adapt their business models to suit the ‘new normal’.
On Tuesday night, US president Donald Trump delivered his third State of the Union address. In what was always going to be a divisive speech, Trump’s theme was the 'Great American Comeback’ as he painted himself as the lead architect of the current American financial market boom.
The Connec convertible note is closing soon, but we still have a small allocation left. It offers 28% over two years and investors have an elective right to convert into equity at $10 per ordinary share. To request the Information Memorandum, please click here.
Patrick Nelson
Managing Director
Reach Markets
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Online Investor and Trader Briefings
The Next Big Trade | Thursday 06 FEB at 12 pm
Weekly Options Trading Think-Tank, by Options Traders for Options Traders. Join professional traders Ivan Tchourilov and Patrick Nelson, as they review the discuss trade ideas, market analysis and volatility, as well as give you an insight into Options strategies. BOOK
Secured High Yield Convertible Note | Thursday 13 FEB at 7 pm
A new wholesale investment opportunity with up to 18% yield per annum and an option to convert to equity at 12% discount. It has first ranking debt, is capital guaranteed and the returns are underwritten. BOOK
Past Investor and Trader Briefings
Watch this special session as PTX's CEO covered the unique moment in the company's timeline and outlined exciting news including their collaboration with Carina Biotech. Recorded 28 January at 12 pm. Watch the recording
Options Game Wrap Up Presentation
Discover exactly how the winner made this huge profit and discuss the other most successful trading strategies used during this game. Presented by Ivan Tchourilov and Patrick Nelson. Recorded 21 January 2020. Watch the recording
Professional traders Ivan Tchourilov and Patrick Nelson discussed how to trade the market at major pivot points, the rules they use when trading breakouts and how they identify and switch if it's a fake-out. Recorded 14 January at 12pm. Watch the recording
In Case You Missed It: Trading Profile: Moon Patel, the guy who broke the Options Game record
Timothy Gilderdale, Reach Markets
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The last ASX Options Game of 2019 was a bit of a special case – the winner Moon Patel blew all records, with a 3331% return by turning 50k into $1.6 million, which is by far the largest profit in the history of the game...
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