not much big news this week but plenty of FOMC speakers so that speak will give indications of if they are happy about stock bounce and dollar fall rate fall etc etc ... and rate hints for december
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not much big news this week but plenty of FOMC speakers so that speak will give indications of if they are happy about stock bounce and dollar fall rate fall etc etc ... and rate hints for december
This they discussed on CNBC whole day on Thursday ...all know all FED speakers will reiterate that theme ..." Higher Rates for LONGER " ....what else u think they will say ...they dont like this loosening of monetary conditions ....like 30 years mortgage rate falling 55 bps in one day !!!
Terminal rate is still projected to be around 5% ...nothing has changed ....Nov CPI data before the next meeting maybe be bigger deal now as that data is not controlled by market forces but by reality on grass root level
FED most likely is going 50bps up in Dec either way as all know Fed over tighten is lesser sin then under ...Mr Powell said it clearly and they will do just that ...no big mystery
you will like this article
Harbour Asset Management's Chris Di Leva reminds investors that over the long term the New Zealand market has delivered out-sized returns. But there are idiosyncrasies in the local market can deliver both positive and negative outperformance
https://www.interest.co.nz/investing...-long-term-new
Best thing the Republicans can do is cut ties completely with Trump. His inclusion ruined the mi-terms for the Republicans. Also the results and the exit polls have shown the US voter is a born again centrist. The Republicans need to first fix crazy then fix policy with someone like Ron Desantis
this story has the potential to drive nz50 lower over time if public out rage occurs during the cost of living crisis. power companies may need a risk premium to there stock prices now ? lower div coming or stalled div's ?
Unions are piling pressure on the Government to reform the electricity industry, saying big power firms have starved the electricity network of investment while hiking prices and paying out $3.7 billion in “excess dividends” to shareholders
https://www.stuff.co.nz/business/130...nd-the-economy
As long as the govt continues to own 50 per cent of three of them, and these companies are in people's kiwisavers (they are in a disproportionate amount) I'm guessing the govt will not have an appetite to do not much at all.
Also the actual electricity crisis in Europe helps these companies tremendously from a PR perspective: sure prices are high but at least bills aren't $1500 a month and there's no black outs! Gee, it's almost as if the market works in NZ
Of course it's just our massive dams that couldnt be built today and Huntly that couldn't be built today that saves us.