Can someone please tell him as I think he's blocked me.
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Nz>>MoM
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Red Crayons out again in force today too ..
A lot more money to be sucked out of the NZ economy yet. Talking to a mortgage broker the other day and he reckoned less than 50% of his book had rolled onto higher rates yet. And this is why the Reserve Bank should wait to see the impact of what they have already done. However my faith in Adrian Orr has been shot to pieces in the last few years.
Yeah their mortgage market is quite different with a lot less fixing longer term.
I think a few will have whiplash overnight. Fridays are always good for a short covering rally. Inspired by Apple & jobs Data. I wouldn't be surprised tosee the market reinterpret that jobs number as a negative due to the inflationary impact and hence more rate rises.
Swapping out my short S&P for long oil proved to be very profitable. Out of both for now, but thinking of reshorting US equities.
yep nice big rally last night been trading the range myself all week. be interesting if nzx can get any sort of bounce next week
Something to learn from great value investor. Sold 8 stocks and bought 2 stocks. Has sold off most of its holdings in semicondutor(TSM), cut its investment in U.S. Bancop(USB) by 91% and in Bank of New york Mellon(B) by 56%.
https://www.kiplinger.com/investing/...ng-and-selling