This week, Wall Street took the focus off the unreasonable demands of the Iranian leadership in the Strait of Hormuz unless there is compensation for the damage done to their homeland.
I look at whether it's smarter to trust market-wide ETFs like VAS and IVV for the next 12 months, or to hunt for value among beaten-up SaaS stocks, and explain why Xero, Seek and Carsales are catching analysts' attention right now.
The see-saw-like moves for US stocks have been sustained with companies being smashed one day, only being bought the next day. And the ups and downs have been showing up in more than just share prices.
Tech stocks have had a rough 13 months, battered by AI fears, Iran war nerves and rate anxiety. I look at ATEC, the ASX tech ETF I've been backing, to ask whether the patient investor is about to be rewarded.
A once-derided rogue state is doing what Washington and Tehran can't manage on their own: talking peace. Wall Street, not just the Middle East, is watching closely.
Just when investors thought the coast was clear, the guns might be starting up again. And if the Iran war truly is back on, the market's next leg up may have to wait.
Markets have been fighting two wars this week: one in the Middle East and the other between AI bulls and bears on Wall Street. Reporting season might just settle which one matters more.
Looking at the portfolios of my financial advice clients, which have largely outperformed the broader market over the past 12 months, I'm shifting towards a defensive stance. I'm looking at good income payers and for growth, I'll keep supporting my favourites, while keeping my eye on a bundle of promising stocks that could be good buys if we see a market pullback in coming months.
Bloomberg editor John Authers looked at this week’s big market-moving story, the resumption of hostilities between Iran and Donald Trump over the Strait of Hormuz and renamed the ceasefire MOU and called it a MOM – that is, a “Memorandum of Misunderstanding”!
The AI trade is shifting gears, and if history is any guide, our market won't be far behind.
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