9000 hit today. one way traffic since the end of April. its starting to feel a bit toppy now. esp compared to dow & asx200. would be keen to see a slight (healthy) correction before the next leg up eh...
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9000 hit today. one way traffic since the end of April. its starting to feel a bit toppy now. esp compared to dow & asx200. would be keen to see a slight (healthy) correction before the next leg up eh...
over 9000 again :t_up: winston will be happy
Agree it's looking a bit toppy. but there has been a lot of strong performers too including some unloved sectors over the last year getting a re rating (eg retirement sector).
ASX 200 finally breaking out of a recent resistance level, wonder if it will play catch up for being pretty lacklustre the last couple of years.
Attachment 9756
hmm its not just China though is it? - the US are also chucking tariffs onto their other 'western' partners like the EU & Canada? ...who will be next?
while I think NZ will likely 'fly under the radar', I wouldn't be surprised if Trump (as erratic and unpredictable as he is) targets NZ/AUS as well. this might have an effect on ATM, FPH, THL & IFT
hopefully we're considered 'small-fry' and wont be targeted though. nothing to worry about eh.
Word from the field is that China importers have been cancelling or stopping orders from US for beef, dairy and other agri produce as they are going to cost 25% more from the tit for tat tariffs.
Meanwhile, the same China importers are swamping NZ producers with orders and they have already seen a modest price rise.
US is going to have to consume the beef, dairy produce or agri produce themselves or sell to other countries - but where? EU will be retaliating too! India and other Asian countries are simply not in the same league as China in import volumes.
nz50 consolidation around the target zone , wonder if we get a end of quarter ramp
just starting to pop its head out of the consolidation range on the hrly's 8900 - 9040 so i be hoping for another 140 upwards in quick order if it holds
couldnt breakout of the range
I see Milford telling me the NZX is the best performing stock market in the world at the moment. That has to be a bonus?
nzx couldnt breakout of range .... yet?