Three things that got the team talking this week - Firetrail Investments

Weekly insights from the Trail

Three things that got the team talking this week

August 2, 2024August 9th, 2024

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1. Perth homes are more expensive than New York

Australian cities remain some of the world’s most expensive in terms of price-to-income.

Source: Demographia, Morgan Stanley Research (August 2024)

2. Recession or no recession?

Since 1984, US equities have tended to rally in the 6 months before the Fed cuts rates. What happens in the next 12 months then depends on the economy. On 5 occasions there has been no recession = c. 15% upside to stocks. On the 3 occasions there was a recession, stocks fell c.15%. What’s your view?

Source: Goldman Sachs (August 2024)

3. Not all heroes wear capes

Week one of the Olympics are almost over, and for the team at Firetrail, there have been many highlights and extraordinary performances. For us, Turkish shooter Yusuf Dikec, competing in the air pistol mixed team event has stolen the show. Looking like he’d just strolled in from the pub around the corner, Dikec and his teammate Şevval İlayda Tarhan secured a silver medal in the event.

Source: Andreas Steno Larsen (August 2024)

Disclaimer

This article is prepared by Firetrail Investments Pty Limited (‘Firetrail’) (ABN 98 622 377 913, AFSL 516821) as the investment manager of the Firetrail Australian High Conviction Fund (ARSN 624 136 045), the Firetrail Absolute Return Fund (ARSN 624 135 879), the Firetrail Australian Small Companies Fund (ARSN 638 792 113) and the Firetrail S3 Global Opportunities Fund (ARSN 653 717 625) (‘the Funds’). Pinnacle Fund Services Limited ('PFSL') (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the relevant Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Links to the Product Disclosure Statement: WHT3810AU, WHT5134AU, WHT3093AU, WHT7794AU

Links to the Target Market Determination: WHT3810AU, WHT5134AU, WHT3093AU, WHT7794AU

For historic TMD’s please contact Pinnacle client service Phone 1300 010 311 or Email service@pinnacleinvestment.com

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