NZX will be immunised against interest rate increases hopefully after a good drop to 12k.
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NZX will be immunised against interest rate increases hopefully after a good drop to 12k.
S&P500 be 5000 by Christmas at this rate
the US markets sold of big on the powell nomination ... interesting stuff happening today
Interestingly the nasdaq PE ratios don't seem too different from the past.
There have been very strong earnings to support their prices.
https://www.macrotrends.net/stocks/c...asdaq/pe-ratio
RBNZ announcement yesterday .25% rise probably the market was expecting a 50 move looking at the reaction of the kiwi to the downside. getting slammed
Deputy governor Geoff Bascand said it expected about 70 per cent of mortgages to be repriced over the coming year.
The bank’s monetary policy committee said it discussed how fast interest rates needed to be increased, and explained there was “uncertainty about the resilience of consumer spending and business investment as the country adapts to living with the Covid virus in the community”.
https://www.stuff.co.nz/business/127...-top-economist
my view slow down 2nd half next yr still ... how hard yet to decide slowing property market and sour stockmarket wont help consumer spending much
Slower interest rate increases may help the stock market out a bit.
Introducing the Icelandverse.
https://www.youtube.com/watch?v=enMwwQy_noI
Hey girlfriends, are we heading for an actual black Monday lol? I just noticed US futures are down and so is the NZD.
Would be nice to have a real black Monday every so often, for the threads sake.