Expert buy, hold and sell recommendations from our team of analysts.
t was a weird week in many ways and what happened has left a number of experts with egg on the faces.
Trading on Wall Street overnight reminded us that the Star-Spangled Banner national anthem of the United States boasts or warns that we’re talking about “the land of the free and the home of the brave.”
This week has been a week of unusual developments – a case in point is the unravelling of Labor’s plans for our superannuation!
Unfortunately, the US received another inflation indicator — the PCE, or more formally, the personal consumption expenditure price index, which came in higher than expected […]
Last year was dominated by persistent pessimism but this week showed that possibly over-the-top optimism is the investing theme for 2023.
We’re in the hands of central banks right now.
Just when it looked like it was time to crow about the tech sector being ready to be re-loved even earlier than I expected, along came a few disappointing reporting results from big US tech companies and a better-than-expected jobs report!
Market positivity continues to triumph over negativity with all three US stock market indexes up before the close. The Friday view on what looks like another winning week for stocks is that a better -than-expected economic growth number and the good reporting news for Tesla have been big drivers of these share price gains over the week.
Negativity made a comeback on US stock markets and according to AMP’s Shane Oliver, this is why “US recession risk is high, but if there is one it’s likely to be mild.”
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