First time Vote needed ...so there was no consensus ...Vote count ?? Who has read MPS ? U r most likely to....enlighten us also please
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Markets are not out of the woods yet.That doesn't mean there are no opportunities in global stock markets. Only intelligent stock pickers will manage to identify them. In my opinion, buying stocks without doing home work is a recipe for disaster in an environment like today.Only positive thing is still average unemplyment rate is lower than long term average. More and more volatitlity, sell-off could prevail in markets untill 2025 at least.
https://www.marketwatch.com/story/th...rs-11665839614
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"The RBNZ surprised all and sundry by lifting the OCR 25bp and signalling it has most likely done enough to contain inflation. Expectations were spread over a 25bp vs. 50bp for this meeting, and for an eventual peak of 5.75% - 6% (we had expected a 50bp OCR hike today and a 5.75% OCR peak). Rather than a choice between 25bp and 50bp, the RBNZ debated between pausing and lifting the OCR .by 25bp, with the vote 5-2 in favour of an increase."
ASB commentary has answered ...5-2 ...means 2 voted for pause !! Interesting
ORR statement saying they are done has managed to give nzd a good old savaging on the downside overnight and i guess the nzd dollar could be headed further south now that it is even more at the mercy of what the fed does going forward now.
anyway doesnt a weak nzd + fuel subsidy coming off shortly + supermarkets rorting us on the upside with food prices mean a upside in inflation at some stage ..... ill stick too my sticky inflation outlook at a lower than now level but higher than there 2 - 3% and staying higher for longer than there forward outlook
anyway i see debt ceiling jitters starting to hit markets , volitilty likely to increase the closer to deadline with no out come it becomes. insurance on default is highest its been in history :scared:
NIVIDA massive after hours kick higher on better revenue numbers ---up USD$170Billion in minutes (NZ Gross GDP USD$250Bill.)
Ai saving the market.....
AI is booming – so is its carbon footprint
AI uses more energy than other forms of computing, and training a single model can gobble up more electricity than 100 US homes use in an entire year...
while US Energy stocks continue to be values very cheaply >>>
Forward P/E
Valero 5.2
APA corp 6.5
Marathon 6
Diamondback 7.2
Exxon 9.9
Shell 6.6
(NIVIDA -67 ...present P/E 170+)