Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Macroeconomics

<ul><li>Contrary to Evidente's expectations, the RBA left the Official Cash Rate unchanged at its November Board meeting.&nbsp; The&nbsp;RBA has adopted an easing bias, with the statement reading that&nbsp;<em>'the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.'&nbsp; </em></li><li>The outlook for interest rates hinges on the RBA's tolerance for sub-trend growth.&nbsp; Despite the RBA's glass half full perspective, Evidente doesn't see much upside to the outlook for activity in the near term.&nbsp;&nbsp;The RBA missed a golden&nbsp;opportunity today to capitalise on the positive narrative that the low 3Q CPI print offered.&nbsp; But the central bank's easing bias suggests that the case for more monetary stimulus (at either&nbsp;the December or &nbsp;February Board meetings) remains compelling.</li><li>The Australian dollar jumped on the news and is trading at around 72 US cents.&nbsp; Despite this, it continues to trade well below fair value based on Evidente's currency model.</li></ul>

Contrary to Evidente's expectations, the RBA left the Official Cash Rate unchanged at its November Board meeting.&nbsp; The&nbsp;RBA has adopted an easing bias, with the statement reading that&nbsp;'the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.'&nbsp; The outlook for interest rates hinges on the RBA's tolerance for sub-trend growth.&nbsp; Despite the RBA's glass half full perspective, Evidente doesn't see much upside to the outlook for activity in the near term.&nbsp;&nbsp;The RBA missed a golden&nbsp;opportunity today to capitalise on the positive narrative that the low 3Q CPI print offered.&nbsp; But the central bank's easing bias suggests that the case for more monetary stimulus (at either&nbsp;the December or &nbsp;February Board meetings) remains compelling.The Australian dollar jumped on the news and is trading at around 72 US cents.&nbsp; Despite this, it continues to trade well below fair value based on Evidente's currency model.

RBA holds fire for now but adopts easing bias