I didn't say it was well run.
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fed meeting this week
rbnz conway speech today
wall st hitting new highs again. apparently on news govt needs less funding.
the old saying for jan is as jan goes so goes the yr .... lets see if it rings true again
The investment research firm pointed to the positive January for stocks, with the S&P 500 gaining 3.2% since the start of the year.
In an election year, that's actually a very rare, very bullish signal for stocks, CFRA chief investment strategist Sam Stovall said. Election years have only started with a gain in the first month 11% of the time. And once the S&P 500 have crossed that threshold, stocks ended up gaining an average 15.6% for the year, with gains posted 100% of the time, Stovall said
https://markets.businessinsider.com/...trategy-2024-1
Inflation coming down and economy slowing but we still have a way to go. More will be said at February MPS
That was the summing up by Conway ….another RBNZ non-event by sounds of it
But I may have read it wrong
not much of note probably was told not to take spotlight from ORR. I agree with him data and stats info in NZ is very poor to make judgements from.
HERE THE SPEECH
https://www.rbnz.govt.nz/-/media/pro...h-and-data.pdf
This article is from August but still relevant now especially in light of the Fed meeting and the under reported or discussed quantitative tightening or tapering cycle the Fed is now in.
https://www.ft.com/content/62451148-...6-7d78648889d6
High inflation will follow deflation. Bull market will follow bear market.
Currently, Real estate sector is more vulnerable than other sectors throughout the world and heavily indebted. I talked to few people from Asia to Canada. It’s a dream for having their first home. On top of that rent inflation has skyrocketed.
What would be end results for unsustainable asset prices?
Evergrande—once China’s largest real estate developer—was forced to liquidate on January 28th.
https://www.visualcapitalist.com/chi...oogle_vignette
I should put this on the 'investment strategies' thread, but I think it applies here.
You can't and won't achieve personal investing success and wealth, by worrying about everything going bad, or that might go bad in the world and everyone else's opinions of why, wherefore and whatever. If you could turn off the news forever, disconnect from all 'commentary' and opinions forever, and just study companies, maybe you will be a successful investor. Seriously, nobody should care or even consume, the opinions or the narratives of those who are paid or motivated to tell their or someone else story. It is just noise. Focus on what is important, study it, learn everything about it that affects it, invest or not and monitor that investment closely. Make your own decisions, without influence of anyone. Success will come, and it will be your own success.