Three interest rate rises are now on the table according to some economists, and I think that call is wrong, and dangerous for the economy. Here's why I'm sitting on cash until the picture clears.
It's fair to say that this week's interest rate rise by the Fed in the US has shown that the collective consensus on stock prices that's called "the market" isn't sure what it should be doing.
Talk of a looming bond market shakeout has economists split, so I went looking for second and third opinions, closer to home and from Wall Street’s biggest names, to work out whether investors should really be worried.
Friday Close Change Change % Change Week % Dow Jones 52,573.29 509.19 0.98% -0.73% S&P 500 7,656.98 65.28 0.86% -0.63% NASDAQ 26,333.04 251.13 0.96% -0.56% […]
Zip Co and Tyro have been left for dead by the market this year, while Afterpay and Xero have gone the other way. Is this a case of the market getting it right, or has it thrown out a couple of babies with the bathwater? Let’s take a closer look…
Week one of the scariest month for stocks and fear was contained but concerns about debt levels and rising bond yields have markets on edge. This is all understandable with sticky inflation readings, kinked to possibly stronger-than-expected economies, and central banks both in the US and Australia tossing up about an official rate rise or two!
Just weeks ago I liked ETFs built for a rate-cutting world. Now the RBA looks like it might hike again, and that changes everything I’d back. Here’s my updated playbook, sector by sector.
Friday Close Change Change % Change Week % Dow Jones 53,559.99 -9.45 -0.02% 0.41% S&P 500 7,711.76 -19.23 -0.25% 0.78% NASDAQ 26,402.42 -138.93 -0.52% 1.41% […]
A wild share price swing and a run of bullish broker notes have subscribers asking about Audinate again. Peter Switzer looks at why AD8 has roared back to life, and whether it is worth a spot in your portfolio.
Just when you think it makes sense to be cautious with equities, you can count on the Yanks on Wall Street to find a silver lining inside a dark cloud. And this sounds like a fair call, with all US stock market indexes heading for a 'green on the screen' Friday finish, though for the week it was an 'in-the-red' story.
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