Don't fight the Fed.
Printable View
WTF ....NZX if free fall today
Blue chips dragging it down but Truscreen, Paysauce and Blis doing their best to stop the rot
Yes ...finally we closed 1.93% down ...which is huge for NZX ...normally it doesn't move that much ....Fall was mainly due to expensive growth blue chips on low volumes ... Smaller companies like SKL etc held up well .
KFL actually went up while its NAV must have dropped 3% ie almost 5 cents ....power of retail investors or ignorance ...who knows
In this reaction down we need to hold 12100 ...otherwise bigger short term pain ahead .
Results season coincide with rates / inflation and Ukraine crisis ....lets see what prevails finally ...EPS growth or ....
Having done nothing in 2021 ...our market is best placed to manage this rates revaluation .
IMO soon we will decouple from high flyers markets of the world of 2021 like US
I an expecting solid results from my divie payers,and increased divies.
My non divie payers may however come under pressure.
2022 is all about capital preservation and doing your best to get a reasonable income from your portfolio, in my opinion.
Lets see how it pans out ...I have an open mind ....but never ever NZX has given two negative years in a row in last 20 years ...which cover many bigger events then just rates trying to be normal ...which maybe 2-2.5 % OCR only
Also seeing such unanimous opinion of experts towards bearishness ...will surely lead to something special