Looking at this week's market revelations I'm thinking about an R-word. However, it's not for the negative vibe that is a recession but a more positive development, namely rotation.
In my article today I'll test out whether you should get on board these rising stars.
Markets should have celebrated peace, but a rotation out of big tech into defensives has Peter Switzer asking whether headwinds now outnumber tailwinds. The S&P/ASX 200 fell 0.73% for the week to 8,764 on profit warnings and softer iron ore, copper and gold prices, while a better-than-expected US PCE inflation read eased the pressure for higher rates.
In the interests of investing outside the square, I've gone looking for interesting companies worthy of consideration. Of course, we have to hope that the Iran peace deal can last, as this should be a plus for stocks.
Wall Street finished a holiday-shortened week on a high as the Iran peace deal removed an oil-price headwind. Peter Switzer counts five tailwinds versus two headwinds and stays cautiously positive, even as the S&P/ASX 200 slipped on Friday on BHP's potash cost blow-out.
Here are the views of some professionals who are paid to guess the future with other people's money.
The S&P/ASX 200 jumped 2.07% for the week to 8,804 — the best one-day gain since April — on Trump peace-deal hopes and signs the RBA may have stopped rate rises. US markets were mixed with the NASDAQ off 0.30% and the S&P 500 down 0.04% on the week, despite Friday gains driven by SpaceX's blockbuster IPO debut.
Wall Street's nine-week winning streak ended on a Broadcom-led tech sell-off, with the NASDAQ down 4.18% and the S&P 500 down 2.64% on the week. The S&P/ASX 200 finished down 1.22% as investors rotated into healthcare.
Despite President Trump’s best efforts to play hardball with the Iranian leadership, especially over their future nuclear capabilities and the blocking of the Strait of […]
Wall Street is still betting an Iran war resolution will eventuate without tipping the global economy into recession. The market is ordering a TACO and is not expecting a NACHO, and a peace deal ASAP is critically important for stocks.
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