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.
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.
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