what about oil thru the roof last night
Mr ORR have to get back to the books all that imported inflation coming not to mention $4 petrol :scared:
Printable View
what about oil thru the roof last night
Mr ORR have to get back to the books all that imported inflation coming not to mention $4 petrol :scared:
elon musk dont think jobs are all rosy
Tesla shares dip more than 9% on Elon Musk’s plans to cut workforce
Reuters reported late Thursday on an e-mail Musk sent to Tesla executives saying he had a “super bad feeling” about the economy and called for the job cuts.
https://www.cnbc.com/2022/06/03/tesl...workforce.html
JP Morgans not to bullish eh
Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
https://www.cnbc.com/2022/06/01/jami...raine-war.html
even goldman sachs warning too now
Goldman’s Waldron Warns of Unprecedented Economic Shocks, Echoing Dimon
https://finance.yahoo.com/news/goldm...133457514.html
sounds like quite a reasonable play :)
but not NZ I guess ..
a special sort of brave needed at the moment with NZX listings ? :)
clearly in a ditch at the moment - does the depth increase further on or are politicians still digging, ahead
of late 2023 ?
Who knows between Robbo & the RBNZ they might even achieve the feat of putting everything upside
down in the newly completed deep depression and not even realise it themselves ;)
I think I'll do nothing, tempted to sell some XLE and IXC but probably won't. Certainly not tempted to add anything. OIH (oil services) has done well but not great. My 5 per cent tilt in energy ETFs has meant that I'm down just 3.1 per cent ytd over my entire portfolio. I'll take that this year lol.
Good interview with Amrita Sen. Last two minutes are especially good and talks about the Western policy failure and how the energy crisis is of the West's own doing.
https://www.youtube.com/watch?v=Xgic3jylVSs
Good interview with Chevron CEO - Chevron is 21 per cent of XLE
https://www.youtube.com/watch?v=grFr6G26twc
Lastly, good article on "conservative" funds and the performance of bonds.
https://www.stuff.co.nz/business/128...hock-investors
It will be interesting to see if the performance of ESG kiwisaver funds get a little bit of media attention now. They've done well over the last decade for sure but I'm guessing they've underperformed over the last year with no exposure to energy? Gee, didnt the NZ Super Fund divest itself of oil and gas stocks? I'll have a look.
Gloomy Tues for NZX and ASX when US was up 2 days running.