Yes there is, remain calm and sell nothing, make another nice cup of tea and sit back.
Printable View
Hard to say where this all ends of if there's any realistic chance of it ending before the war ends. Going under 3000 on the S&P 500 or 9,000 on the NZX50 wouldn't surprise me as I think the coming recession (if we're not in it already), is going to be very deep and enduring.
I went to an extremely defensive position of ~ 70% cash and short term deposits in late 2021 picking a very bad 2022 and I am very pleased I did.
Just lately I have taken a small position in the recent power company bond issues Mercury at 5.73% and GNE at 5.66% and switched some HGH for GNE as banks typically do badly in a deep recession and sold out of OCA and reinvested the proceeds in GNE and ARG.
It's almost sure to be ugly tomorrow but I'm not tempted to buy anything (other than more GNE, best highly defensive high yield stock on the NZX ?) but will probably do nothing because I have a LOT already and buying into a confirmed downtrend almost always causes more short term financial pain. You might get your $2.50 or even your $2.40 for that one. Its going to be hard to resist going at it really hard if it gets to $2.40.
Peak inflation narrative on hold. FED meeting this week - would they dare shock the market with a 75pt hike? If they stick to 50, some will argue it only puts the FED further behind the inflation curve. Barclays have argued they'll get more bang for their buck if they hit the market with a 75pt hike this week. Personally, I'd be surprised. Jay Powell tries to telegraph every move, but his ability to stay nimble is becoming increasingly tricky.
I'd say if you're not already positioned, now ain't the time to start buying.
I'm sitting in USD and quite happy to remain there over the short/med term.
I’m enjoying these negative real yields. Thanks to the universe for helping me pay my mortgage.
Should be like this for a few years I reckon
US futures open down for tonight at this stage , wonder if some of the crypto carnage on the weekend will flow thru to forced selling in equities
In NZ i see NZX has opened down and breached to the downside its trading range last mth implying move down of roughly to 10700 maybe for the pattern move .
nz 10 yr jumped over 4% this morning to :scared: thats a big negative for bond proxy stocks in nzx
Most markets in asia getting a hammering today. notice US futures are declining more now in tandem with the cyrpto sell off continuing today.
NZX starting to accelerate sell off too now
The Fed will raise rates in the week ahead, but what Chair Powell says may matter most
https://www.cnbc.com/2022/06/10/fed-...tter-most.html
big event this week he will have to surprise markets one way or another this week i reckon