The Stonehouse Core Value Portfolio (CVP) fell -0.25% over the month of November as markets failed to gain traction in light of considerable headwinds from declining resource prices and concerns about an imminent increase in the US Federal Reserve Funds rate by the US central bank. Over the month, positive performances came from our defensive holdings volatility…

Are we headed for a global recession? Probably not. Investors might recall the hype about the “super cycle” that justified record commodity prices. The term to describe “higher-for-longer” commodity prices was largely based on ever-climbing demand from the Chinese as the country industrialised. Amid the excitement, commodity prices soared more than six-fold from 2004 to 2011. That index has since…

The Stonehouse Core Value Portfolio (CVP) rose +2.06% over the month of October as global financial markets regained their footing after a tumultuous September quarter. Our ‘strong start, soft in the middle, then strong finish’ thesis for global financial markets over calendar 2015 appears to be coming to pass – although much still needs to…

The Stonehouse Core Value Portfolio (CVP) fell -0.86% over September, a month which again proved trying for many investment markets. We believe the CVP held up reasonably well over this recent July – September Quarter by recording a -1.20% result, given the ASX200 Price Index fell by a much more considerable -8.01% over this period. As we…

The Stonehouse Core Value Portfolio (CVP) fell -1.84% over August – a good result given the ASX 200 fell by a significant -8.63% and other considerable falls were registered in international markets, in a month where volatility reigned supreme. Download full report:

The Stonehouse Core Value Portfolio (CVP) rose +2.19% over July – an encouraging result given the volatility presently being displayed in financial markets. The low volatility profile of the CVP relative to that of the broader market has been a prevalent feature of the portfolio since its inception and as we often state, this coupled…

These are certainly trying times for market participants. The ASX 200 for example has now entered into true ‘market correction’ territory – that is, a fall in excess of 10% peak to trough in terms of market performance. What started all this off? Well, last week the US Federal Reserve surprised most when minutes of…

The Stonehouse Core Value Portfolio (CVP) fell -2.10% over the June quarter to record a 2014/15 total financial year performance of +8.19%. While disappointing, the June quarter performance needs to be viewed in light of the considerable financial market turmoil experienced as the onset of the Greece Financial Crisis took hold. To put our results in context,…

Well now the fun really starts. Frankly we don’t know who is the least prepared for the ‘no’ vote – the Greeks themselves or the rest of the developed world. As we have said all along, GREECE MUST EXIT THE EUROZONE. Why? It simply can’t address its fiscal / structural imbalances in any other (effective)…

Well it had to happen. It seems the Greek tragedy is finally reaching its end game. It’s been a long time coming – about 5-6 years in fact. Given this period, there has been much time to prepare. So to put your mind at ease we thought it best to put pen to paper to…

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