Fun for the Melbourne Cup. Macquarie and Morgans bean counters have once again been released to see if they can put their analytical skills to good use and find the magic bean that will promote them to chief bean counter for the day.
As per the last few years, Macquarie are consistently offering the most detailed analysis, whereas Morgans budget seems to be shrinking (less pretty logos etc).
The markets have been in turmoil the last month and the analysts are clearly aware of tail risk in their analysis. Outside bets are creeping into analysis.
Remember, an analysts view of the Melbourne Cup means that its not about who’s going to win, but who will provide the best bang for your buck!
Our view
We are always mindful of tail risk. Our gut feel says play it safe, but we feel a few shekels at a rank outsider may result in some excitement for our money. We are off for a champagne lunch, we hope you are too. Our money is on an each way bet with Best Solution (Irish horse) with an outsider bet on Runaway (Australian horse)
Good luck to you all and remember that past performance is no indicator of future performance, outside influences such as Macquarie’s champagne lifestyle may have an impact on the results.
What do we get paid?
Wealth Focus will receive no fees for a view on the cup, any winners owe us a large drink.
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