test slide for webinar - nucleus wealth · 2018. 5. 2. · agenda 1. short volatility 2....
TRANSCRIPT
Nucleus Wealth is a Corporate Authorised Representative of Integrity Private Wealth AFSL 436298
Nucleus Insights : Drivers of Volatility
Agenda
1. Short Volatility
2. Radicalising White House
3. Bank Funding Spreads
4. China Slowing
5. Fundamentals / Valuation
David Llewellyn Smith
Tim Fuller
Damien Klassen
Short
Volatility
February Crash
David Llewellyn Smith
Tim Fuller
Damien Klassen
Short Volatility
Corporate Debt
Divergence
David Llewellyn Smith
Tim Fuller
Damien Klassen
White House- Wars
‘Dropping the bomb’
David Llewellyn Smith
Tim Fuller
Damien Klassen
White House -Trade Wars
‘Poking the dragon’
David Llewellyn Smith
Tim Fuller
Damien Klassen
Bank Funding
Spreads
3m Bank Bill Swap
David Llewellyn Smith
Tim Fuller
Damien Klassen
China
Slowing
Credit Growth
David Llewellyn Smith
Tim Fuller
Damien Klassen
Fundamentals /
Valuation
Earnings still improving
David Llewellyn Smith
Tim Fuller
Damien Klassen
Fundamentals /
Valuation
Earnings still improving
David Llewellyn Smith
Tim Fuller
Damien Klassen
Name World US Eurozone Europe x EZ Japan Australia Emerging
TOTALS 0.8% 0.4% 1.2% 0.9% 0.6% -0.1% 0.9%
Commercial Services 0.7% -0.2% 0.5% 1.1% 1.0% 0.5% 0.9%
Communications 0.2% -0.1% 1.1% -0.1% 0.7% -0.1% 0.2%
Consumer Durables 1.0% 0.4% 1.5% 1.8% 0.9% 1.3% 0.7%
Consumer Non-Durables 0.7% 0.4% 1.0% 1.5% 0.4% -0.3% 0.7%
Consumer Services 0.4% 0.4% -1.5% 1.7% 0.4% -0.1% 1.3%
Distribution Services 0.6% 0.3% 0.6% 1.2% 0.3% 0.0% -2.1%
Electronic Technology 0.8% 0.7% 2.0% -1.5% 0.8% 1.4% 0.6%
Energy Minerals 0.4% 0.0% 0.8% 0.5% 0.3% 0.7% 0.0%
Finance 1.0% 0.3% 1.1% 0.9% 0.5% -0.2% 0.7%
Health Services 1.0% 0.4% 6.1% 0.8% 0.4% -0.1% 1.9%
Health Technology 0.8% 0.4% 0.5% 0.5% 0.5% 0.8% 1.1%
Industrial Services 1.0% 0.5% 1.5% -1.6% 0.5% 0.8% 2.1%
Non-Energy Minerals 1.1% 2.2% 3.2% 2.0% 0.9% -0.6% 1.0%
Process Industries 0.7% 0.5% 0.8% 1.6% 0.6% -0.1% 0.6%
Producer Manufacturing 0.9% 0.5% 0.9% 0.4% 0.7% 0.4% 1.5%
Retail Trade 1.3% 0.9% 1.0% 1.3% 0.8% -0.2% 1.4%
Technology Services 0.6% 0.5% 1.4% 0.8% 0.1% -2.1% 1.2%
Transportation 1.3% 0.8% 1.1% 1.0% 0.1% -0.3% 2.9%
Utilities 0.2% 0.0% 1.6% -2.1% 0.4% 0.1% -0.5%
Change in 12m Forward Earnings: 1 Week
Fundamentals /
Valuation
Valuations a little above
average
David Llewellyn Smith
Tim Fuller
Damien Klassen
Investing with Nucleus
Wealth
Investing with Nucleus
Wealth
Investing with Nucleus
Wealth
• Complete investment solution
• 19 individual ethical screens
• Experienced investment managers
• Completely transparent
• Lower fees as we get rid of the multiple layers of middle-men between you and your money
• Tax effective
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