Expert buy, hold and sell recommendations from our team of analysts.
Selling in May to go away hasn’t been the smart strategy so far, with our S&P/ASX 200 up around 3% since May 1.
While I can’t use the f-word, I’d like to after the US at long last got a downbeat jobs report, to which I say: “At long, freaking last!” Yep, that’s got it out of me...
While I can’t use the f-word, I’d like to after the US at long last got a downbeat jobs report, to which I say: “At long, freaking last!” Yep, that’s got it out of me...
After decades of waking up to Wall Street news and then trying to make sense out of the world’s most important stock markets centred in New York for what might happen on our ASX, I have to say the overnight positivity for all three US key indexes completely surprised me!
I hope I don’t have to warn about the three I’s of May because they’re certainly ruining our April brush with the stock market! They certainly came to bite our portfolios this week, with our market losing close to 3%, meaning the S&P/ASX 200 index is actually down 0.79% for the year to date.
A serious sell-off has been a long time coming but Wall Street is trying it on right now, as a consequence of the slightly disappointing CPI reading earlier this week.
Thursday’s close for Wall Street’s most-watched Dow Jones Industrial Average was a 530-point slumping, making it the worst day since March of last year and completed four days of losses in a row. Then on Friday, along came a bigger-than-expected job creation number, which was bound to bring US rate cut doubters out of the woodwork.
Despite US stock markets and our market index hitting all-time highs, I can’t get out of my head this fact from J.P. Morgan that from 1972 Wall Street has rallied in five of the eight election years with market gains of 12-26%!
It really shouldn’t be a surprise to learn that US stock market indexes were hard pressed to keep rising on Friday, after looking like they were set to register their best week this year-to-date.
With US stocks down again, it’s one thing to be disappointed that the fall in US inflation has stalled and the closeness of the first rate cut is likely to be pushed back
You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.