Economics RBNZ could cut from May next year: BNZ Bank’s chief economist Mike Jones says recent run of data, including yesterday’s unemployment rate, supports an OCR cut earlier than forecast. Jonathan Mitchell | Thu, 2 Nov 2023
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As both Bull & I put out last week, rates imo will be cut earlier than anticipated.
If this view gains traction the markets will have anticipated the move long before May.
Although I have been posting what's happening in the real economy I.e bankruptcies, payment defaults & corporate losses, these are all lagging indicators.
The market looks forward.
Rate cuts will be a result of some terrible economic news. Bonds are the play here IMO. Get them AKC130's @ 54c on the dollar, yeilding 6.6% to 2050 while you can.
Labour market easing – too slowly for the RB …….says Tony Alexander
Seeing this rebound / rally starting with large caps / blue chips is assuring ...normally this is how turn arounds happen ...large caps run for a while then small caps do catch up if this rally or rebound has the legs to last till Jan middle !