and dropped like a stone. pretty significant intraday volatility
Printable View
If u are a foreign investor say from USA for ease of understanding then locking risk free 4.8% in NZD which is also close to or near bottom vs USD then its really attractive deal ...just put few hundred millions to work and U have great from 3 sides ...locked good yield , good capital appreciation chances in next 2-3 years and then gained on currency also .
Wish I had USD to invest or USD was my home currency :D
Investors now expect Fed to raise rates to 5% next year says ft.com
Means NZ OCR close to 6%?
When is the E supposed to fall? Been waking up to solid earnings reports coming out of the states..
Well said stockhead
"Just make sure that you have a nice balance of quality assets with the occasional speculative one just to keep your heart beating and not the other way around.
But what would I know?"
https://www.marketwatch.com/articles...=mw_latestnews
Bond markets can be start of trouble which may force FED into some action like BoE
This is the final push of the yields most likely so if stocks can handle this then worst will be over for them sooner then we all expect ...Bond yields made significantly higher tops but not stock market made much lower lows compared to June lows ...unless they will do that ahead !!!
Till stocks withstand and can pass this bond market rout we may end up doing well in stocks ahead
Our CPI was disastrous all agree , our banks raised rates expectations significantly with ASB adding full 100 bips to estimated Peak rate BUT our stock market hardly reacted ....So far it has held up well ...Does that mean all bad news in the prices already or companies can handle this turmoil without much effect on Earnings ..eg MFT is still doing exceedingly well ...growing fast not even flat lining ...is it YET or thats the norm .
Inflation has two sides Demand issues and Supply Issues ...maybe this little slowdown with higher rates is first sorting supply chain bottlenecks rather then full on Demand destruction so not effecting Good companies that much ...still no signs of excess capacities at any levels but all will fall in place in few months without Good companies loosing much earnings ...at least thats what Stock market thinks so far and pricing accordingly ....its not as gloomy as Bond markets as stocks are more dependent on companies earnings for SP not just rates unlike Bonds