Expert buy, hold and sell recommendations from our team of analysts.
Friday night on Wall Street was negative but it’s more likely to be a consequence of profit-taking after a very positive week for the S&P 500 index — up 1.69%
When I woke up this morning, I had one big question I wanted answered and it was all about what the US job figures did to support the current market view that an interest rate cut is coming in September.
While the news on the Fed’s preferred inflation measure wasn’t bad, it wasn’t good enough to excite a market that could be over-excited, especially if the all-important readings on what’s happening to US prices aren’t screaming that rate cuts are imminent.
Just when you thought it might have been safe to wade back into the tricky ‘waters’ of the stock market...
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.
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