Finexia Financial Group Ltd · ASX:FNX
Finexia Financial — Pepperstone — Investor Presentation (March 2021)
30 slides from Finexia Financial's investor presentation, Mar 25, 2021
Slide 1: Timing an end of financial repression
Timing an end of financial repression
Slide 2: Risk warning
Risk warning This presentation is for information and learning purposes only . Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be
Slide 3: Market alert – the signals for active trading
Market alert – the signals for active trading
Slide 4: The big risks to markets?
The big risks to markets? Instrument risks • Interest rates markets price a communication error by the Fed • ROC in ‘real’ bond yields • Trajectory and ROC of the USD (USDX and USDCNH) • Volatility goes sharply higher/lower Source: BoA/ML
Slide 5: Market ratio's starting to fatigue
Market ratio’s starting to fatigue Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 6: Volatility is coming
Volatility is coming Source: Bloomberg
Slide 7: Correlations to rise?
Correlations to rise? Source: Bloomberg
Slide 8: Real rates are seen as the risk-free alternative
Real rates are seen as the risk-free alternative Source: Bloomberg
Slide 9: DXY – the global wrecking ball
DXY – the global wrecking ball
Slide 10: Liquidity is king
Liquidity is king
Slide 11: Stimulus has driven equity inflows
Stimulus has driven equity inflows Money supply in major economies Source: Bloomberg
Slide 12: QE – imaging an end to liquidity
QE – imaging an end to liquidity The Fed target financial conditions Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 13: Fiscal levers compliment monetary policy
Fiscal levers compliment monetary policy Source: Morgan Stanley
Slide 14: Earnings expectations rising
Earnings expectations rising Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 15: All in on equities
All in on equities Fund flow data shows the confidence Source: Bloomberg Source: Bloomberg Source: Citi & BoA/ML
Slide 16: Inflation expectations are rising
Inflation expectations are rising
Slide 17: Asset price inflation is here
Asset price inflation is here Source: Bloomberg
Slide 18: Inflation leading indicators rising
Inflation leading indicators rising Source: Bloomberg
Slide 19: Business confidence improving
Business confidence improving NFIB small business confidence vs 5-year breakevens (inflation expectations) Source: Bloomberg
Slide 20: Inflation expectations rising
Inflation expectations rising ‘Breakevens’ = average expected inflation over 5- & 10-years Source: Bloomberg
Slide 21: The volatility trigger
The volatility trigger
Slide 22: Will the Fed meet the market?
Will the Fed meet the market? Source: Bloomberg Source: Bloomberg Source: BCA
Slide 23: Inflation boost expected to be 'transitory'
Inflation boost expected to be ‘transitory’ Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 24: Tech looking vulnerable
Tech looking vulnerable Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 25: Become an active trader with Pepperstone
Become an active trader with Pepperstone
Slide 26: Pepperstone - trade the opportunity
Pepperstone - trade the opportunity • Express your view - CFDs capture two-way opportunity • Trade discretionary or automate your strategy • The best technology • Superior execution • Trust - Trade with a market leader • Reduce your cost to trade - Industry leading commissions and spread • Best-in-c
Slide 27: Get in touch
Get in touch If you’d like to know more about Pepperstone, please reach out to us: Phone 0800 046 547 (toll free) +44 (800) 0465473 (non-UK) Email [email protected] Twitter - @chriswesston_ps Live chat pepperstone.com
Slide 28: Pepperstone Melbourne office details
Level 16, Tower One, 727 Collins Street, Melbourne VIC 3008 AUSTRALIA Local Call 1300 033 375 Phone +61 3 9020 0155
Slide 29: Dividend expectations plateaued
Dividend expectations plateaued Source: Bloomberg Source: Bloomberg Source: Bloomberg
Slide 30: Inflation expectations define real yield
Inflation expectations define real yield ‘Breakevens’ = average expected inflation over 5- & 10-years Source: Bloomberg