This week the negativity associated with the Middle East conflict has outweighed the positivity from the surprise stimulus from China
Last week I suggested our iron ore stocks were a timely play, and thanks to China they surged. But the important lesson of the week was to be patient about playing oversold quality stocks.
If current news stories stop you buying stocks that will outperform in the future, is it time to assess our best iron ore companies on their potential rather than their current underperformance?
Only history will ultimately tell us if this first rate cut of the Federal Reserve of 50 basis points, when the consensus of economists was tipping only a 25-basis point cut, will prove to be the deepest.
The pressure is building with rate cuts expected this week in the US and a really important data drop in Australia on Thursday, which should have a big bearing on how stocks play out over the next 12 months and even beyond that timeframe.
Wall Street is defying history with September being notorious for sell-offs, but the overall vibe of the data drops seems to be saying inflation is falling...
The spike in bank share prices will eventually halt and it’s likely to happen when interest rates look set to fall. But the issue becomes what do you buy with your money? Here’s a few ideas.
A recession spooked Wall Street did not get the news it needed with the jobs report apparently coming in worse than expected
CBA, Wesfarmers, JB Hi FI and others are overbought. Time to take profit and rotate into stocks that should benefit from lower interest rates next year.
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