Stocks fell 21% on average after first Fed rate cut since the 1970s, says Comerica
https://www.marketwatch.com/livecove...Z9PeIkFpOeqfE8
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Stocks fell 21% on average after first Fed rate cut since the 1970s, says Comerica
https://www.marketwatch.com/livecove...Z9PeIkFpOeqfE8
Don't lower interest rates mean higher stocks?
"It’s also worth remembering that humans are notoriously bad at picking market peaks and troughs – everyone from expert to amateur level. The point is that if you’ve done your research and like an investment, believing that markets are at highs is not necessarily a reason not to invest. Poor fundamentals on the other hand… "
"Fear & Greed
It’s not all a guarantee – the fear and greed index is correlation rather than causation, but you wouldn’t necessarily expect the market to nosedive tomorrow, given this sentiment. This would suggest that perhaps the current market highs are not to be feared… yet."
https://www.livewiremarkets.com/wire...rm=READ%20MORE
Sharon at ANZ says Heavy Traffic Indicator implies an ugly read for June quarter GDP
https://eu.watermarker.singletrack.i...Headers%3Dhost
Annual food prices drop for first time in six years... Hopefully the RBNZ is paying attention. First cut in August seems more and more likely.
https://www.stats.govt.nz/news/annua...-in-six-years/
Thanks, stoploss. That’s what I expected originally. Still, I have a doubt.
https://www.newstalkzb.co.nz/news/bu...term-deposits/
“The biggest drop will be to its one-year rate, dropping 25bps to 6.89% (special) and 7.49% (standard).
Westpac’s six-month rate will fall 19bps to 7.05% (special) and 7.65% (standard) and its 18-month rate will drop 10bps to 6.79% (special) and 7.39% (standard”
Fortunately, I was able to fix my mortgage at a rate of 4.9% for five years. 3 more years left for renewal.