Expert buy, hold and sell recommendations from our team of analysts.
All week Donald Trump has been trumping stocks with his tariff tinkering and tirades that have really unsettled markets.
Local stocks were trumped by the US President’s tariff threat, which above all is creating uncertainty.
Here’s a fair question: what just happened this week? The RBA cut rates, and our stock market went down!
While Friday on Wall Street was mostly negative, after a doozy of a week for positivity and given inflation and Trump tariff concerns, it was a huge effort showing that the market, at the moment, thinks tailwinds for stock prices outweigh headwinds.
Anyone wanting to invest with total confidence wouldn’t be satisfied with news out of the US overnight.
Every morning when the New York Stock Exchange and the Nasdaq on Times Square are trading, I wake up and go straight to the key indexes.
Although Wall Street took a breather on Friday, the Trump-inspired rally has rolled on for another week, undoubtedly explained by profit-takers unable to resist pocketing some of the near 7% gains since the new president won the November 5 poll last year.
We’re back for 2025! When it comes to movements in shares, economic data drops remain the major drivers of what stocks will do, with the better-than-expected US inflation number delivering a great Thursday for local stocks.
What Fed boss Jerome Powell gives can be taken away and Wall Street didn’t like the power he yields. So, the key players that drive US stock markets weren’t keen about what he said this week.
The stock market now looks becalmed, having set its ‘sails’ for the Trump tailwind since November 5.
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