Australasian Income Report

Fat Prophets
Australasian Equities
Australasian Income Report

Income Report – 27 June 2025

Ringing the Register Since our last review of the Income Report, we’ve made a number of changes with our services and reports. This time, we’ve updated the portfolio but also how we cover the income report. Given the depth of coverage on Macro in the FatChat (click here), Weekly Webcast (link to the latest episode here) and even in the podcasts (click here), we believe that it would benefit the Members the most to narrow the focus on the portfolio itself. That said,

Income Report – 22 November 2024

Income Portfolio Adjustments & Outlook Since our last review of the Income Report, we’ve made a number of changes with our services and reports. This time, we’ve updated the portfolio but also how we cover the income report. Given the depth of coverage on Macro in both FatChat (click here) and in the Weekly Webcast (link to the latest episode here), we believe that it would benefit the Members the most to narrow the focus on the portfolio itself. That said, let’s start

Income Report – 12 Feb, 2024

Changes in store Since our last review of the Income Report, we’ve made a number of changes with our services and reports. This time, we’re updating how we also cover the income report. Given the depth of coverage on Macro in the daily as well as in the Weekly Webcast here, we believe that it would benefit the Members the most to narrow the focus on the portfolio itself. That said, let’s start off with an update on the portfolio: Income Portfolio update

Income Report – 9 May, 2023

A rocky road to navigate in 2023. Looking back at the 1Q23 scorecard from a headline figures perspective, the equities and bond markets show decent single-digit gains and may suggest it was a period of relative calm after the exogenous shocks we have seen in recent prior years. Perhaps, but only in a relative sense, with a new landmine appearing in the first quarter of 2023 in the form of banking turmoil and high-profile banking collapses, with the repercussions still reverberating

Income Report – 14 February, 2023

Equities Down Under show resilience Even with a rebound for global equities in the December quarter, calendar 2022 was a year most investors will be happy to see firmly in the rear-view mirror. Global equities as measured by the MSCI All Country World rebounded roughly 9.9% in the December quarter but still closed approximately 18% lower for the full calendar year. In the US, keenly followed by domestic investors given its influence on sentiment, the S&P 500 gained more than

Income Report – 27 September, 2022

Buckle up – plenty of headwinds The first half of calendar 2022 was brutal for financial markets, led, as is often the case by the US, which endured its worst first six months to a year in half a century. Stocks, particularly tech/growth plunged, bonds crashed and cryptos imploded as inflation continued to grind higher, surprising markets with its stubbornness and heat. After spending so much time behind the curve, the Federal Reserve shifted gear aggressively and monetary committee members have

Income Report – June 7, 2022

Inflation is the hammer Investors faced a volatile stock market environment in the first quarter of 2022 as inflation worries, the path of central bank tightening, China’s zero Covid policy, and the outbreak of war in Ukraine saw volatility rise. Global equities ended the quarter broad the negative, although there were significantly different performances across geographies and asset classes. Nonetheless, global shares fell 5.7%, the worst performance since early 2020 when the beginning the pandemic created widespread panic. The S&P 500 was

Income Report – February 8, 2022

More volatility is ahead, but the recovery grinds on Global equities advanced in the final quarter of 2021 as investors focused on a continuing economic recovery, despite tough supply chain challenges, which have become exacerbated by the emergence of the Omicron variant. Fortunately, although more transmissible, smaller percentages of people have fallen severely ill, with high vaccination rates across many countries playing a key support role on this front. It has accelerated the take-up of booster shots where available as well. US

Income Report – October 26, 2021

Ready for a rocky fourth quarter Global share markets had a strong run for much of the third quarter, hitting new highs through August and early September before losing steam in the latter stages of September as some macro data points indicated a slowing economic momentum in the US and China. In addition, the spread of the Delta variant was also causing market jitters even as many countries, including prior holdouts like Australia, began to adjust to the path of living

Income Report – August 3, 2021

Hitting new highs Global equities mostly advanced further in the second quarter of 2021, marking the fifth straight quarter of gains. The advances continued on the back an accelerating, albeit very uneven vaccine rollout, a strong outlook for a global economic rebound this year and continued accommodative measures from governments and central banks. Better-than-expected economic data from major economies, including Australia, helped for a strong finish to the 2021 fiscal year and at the midway point for the calendar year. Inflationary

Income Report – May 11, 2021

Twenty years in the making Global equities mostly advanced further in the first quarter of 2021, marking the fourth straight quarter. The gains came on the back an accelerating vaccine rollout, a strong outlook for a global economic rebound this year and continued accommodative measures from governments and central banks. Most of the pain was felt in the bond market, with yields rising on the rapid vaccine rollout in the US and UK and expectations of further US stimulus, which was

Income Report – February 09, 2021

Banking on the recovery Much has happened since our last review of the Income Portfolio just under 4 months ago. Covid-19 is still very much with the world, and continues to rage on in any many regions, but multiple vaccines are now at hand, and in the throes of being distributed. While final confirmation took some time, there is a new administration in the White House and one which is committed to handling the pandemic in a more decisive fashion, but

Income Report – October 13, 2020

Another historic quarter The September quarter was another one not short of drama on the pandemic front, with rising cases in many cities around the world. After Australia being praised for its own management of the pandemic, Melbourne found itself in the spotlight for the wrong reasons in July and the state of Victoria was soon back in lockdown. Fortunately, the flare-up was largely contained to Victoria and relatively quickly under control once again, with less loss of life than otherwise

Income Report – July 14, 2020

Timing is everything Global markets have been anything but dull since our last review of the Income report. At the time of our last update the dust was still settling on the equity market crash driven by the global pandemic. The ASX200 had collapsed by around 35% from the February highs, although had started the beginnings of what many considered to be a ‘long road to recovery.’ At the time of our last update we espoused the view that the global, and

Income Report – March 31, 2020

Income Report The state of markets and global economic picture generally have changed substantially since our last review of the Income report in December. The relief from a break-through on trade frictions between the US and China proved transitory, as the Covid-19 pandemic has wreaked havoc on markets and the outlook for the global economies, notwithstanding a stimulatory rescue package of unprecedented proportions from governments and central banks. After initially witnessing a correction of severe magnitude, equity investors have had to deal

Income Report – December 3, 2019

Yield is set to stay in fashion Equities globally have generally advanced over the past few months since we last reviewed the Income Report, with the advance spurred by supportive central banks, government stimulus and the absence of any major ‘blow-ups’. In November, the benchmark S&P/ASX 200 advanced 2.7%. Trade tensions between China and the US remain at the forefront of traders’ minds, but stocks have climbed that wall of worry even though a ‘phase one’ trade deal has yet to

Income Report – September 3, 2019

The hunt for yield It has been another eventful few months since we last reviewed the Income Report, with an escalation of trade tensions roiling stocks globally in August, along with some political hotspots abroad in the likes of the UK (Brexit) and Italy (a collapse of the earlier coalition, and formation of a new one). Indeed, August was one of the more volatile months of the year for global equities. The US-China trade war heated up in August and

Income Report – May 21, 2019

A victory for dividend investors It has been another eventful few months since we last reviewed the income report. Markets generally have continued to push higher, with a relatively buoyant global economy confirmed by the corporate sector, and despite a resolution as yet between the US and China on the trade front. At home a ‘surprise’ majority victory by the Coalition in the Federal election has calmed investor nerves over the treatment of excess franking credits, negative gearing, and a break from

Income Report – February 12, 2019

Back in fashion? A lot has changed since our last review of the Income portfolio back in mid-October . The fourth quarter of 2018 proved to be one of the more tumultuous periods in recent stock market history. A sustained global market sell-off had at its roots the fears over the ongoing trade war between the US and China (as well as other nations), while angst over rising interest rates resurfaced, along with the impact of both on the global economy, and

Income Report – October 16, 2018

Battening down the hatches Much has changed since our last view of the Income Portfolio in early July, with markets having reverted to the downside, with trade tensions between the US and China ratcheting higher, and as concerns have also resurfaced over rising interest rates. Our expected scenario of a pullback in the over-inflated technology sector has also spilled over into the broader market. This is all while the broader global economy has remained in reasonable shape, and corporate earnings across the

Login

Income Report – 27 June 2025

Income Report – 22 November 2024

Income Report – 12 Feb, 2024

Income Report – 9 May, 2023

Income Report – 14 February, 2023

Income Report – 27 September, 2022

Income Report – June 7, 2022

Income Report – February 8, 2022

Income Report – October 26, 2021

Income Report – August 3, 2021

Income Report – May 11, 2021

Income Report – February 09, 2021

Income Report – October 13, 2020

Income Report – July 14, 2020

Income Report – March 31, 2020

Income Report – December 3, 2019

Income Report – September 3, 2019

Income Report – May 21, 2019

Income Report – February 12, 2019

Income Report – October 16, 2018

QUICKLINKS

TERMS AND COMPLIANCE

LINKS

Income Report – 27 June 2025

Income Report – 22 November 2024

Income Report – 12 Feb, 2024

Income Report – 9 May, 2023

Income Report – 14 February, 2023

Income Report – 27 September, 2022

Income Report – June 7, 2022

Income Report – February 8, 2022

Income Report – October 26, 2021

Income Report – August 3, 2021

Income Report – May 11, 2021

Income Report – February 09, 2021

Income Report – October 13, 2020

Income Report – July 14, 2020

Income Report – March 31, 2020

Income Report – December 3, 2019

Income Report – September 3, 2019

Income Report – May 21, 2019

Income Report – February 12, 2019

Income Report – October 16, 2018

Login

Stock Disclosure