Smart money’s verdict: stay invested, but keep powder dry
Here are the views of some professionals who are paid to guess the future with other people's money.
Peter Switzer is the founder of Switzer Group - a content, publishing and financial services firm. Peter is an award-winning broadcaster, talking each morning to 2GB's Ben Fordham about the latest in finance and money. You can read his views daily on Switzer.com.au, and subscribe to Switzer Report for his latest insights, analysis and recommendations.
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.
On Saturday, I promised to look at value investing after the respected Ned Davis Research strategist Rob Anderson said: "A transition to a rising inflation regime would likely support a shift towards value." So today I ask: what is value investing and what stocks could end up with more investing fans?
US stocks were up again as the evidence builds that maybe a peace deal isn't far away.
Markets are at record highs, yet the world feels anything but settled. In this piece, I weigh up the case for staying fully invested versus pulling back to a more defensive footing – and look at what history, and some of Wall Street’s sharpest minds, tell us about where we go from here.
Is anyone surprised that our market was a loser this week, with the Budget colliding with rising interest rates and the Treasurer telling us our economy is slowing to 1.75% from a previous guess of 2.25%? Throw in the stalemate in the Strait of Hormuz and the bigger question has to be this: how come US markets rose this week?
I want to share with you a market assessment of how the Budget might affect shares. This is the analysis from stockbroking firm Morgans. I’ve added a bit of Switzer flavour to the piece.
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