NZD up to 64c.. that is a big move.
The Happy Days are Here again.
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NZD up to 64c.. that is a big move.
The Happy Days are Here again.
We are not out of the woods yet. In my view, It will take at least 18 months to control inflation. Brace for more volatility in the second half of 2023.
Positives:
Unemployment rate is not that bad yet.
Wealth has created for investors after one of the longest bull market and they can spend at their will.
After covid-19, tourism has rebounded world wide and it led to growth in the food and leisure sector.
Negatives
Inflation is historically very high.
Cost of doing business have gone up(rent,raw materials, energy, transportation and freight prices rocketed. Now, they have corrected in some extend specially freight rates have dropped to the level of 2019.) If I am correct for the first time diesel prices went up more than petrol prices in New Zealand in 2022 as a results of global factors.
Companies are struggling world wide as a result of high cost of doing business.
https://www.marketplace.org/2022/04/...-take-so-long/
“The Fed raises interest rates to control inflation, but it takes anywhere from nine months to two years for it to have an effect. So it’s hard to know: Are you not doing enough and letting inflation get away? Or are you doing too much and sending the economy into a recession?’
https://www.forbes.com/advisor/perso...ation-go-down/
“The economy can rebound after periods of higher inflation. However, inflation can also precede a recession, which was the case in the 1970s.After inflation ended from the 1979 to 1980 and 1981 to 1982 cycles, the stock market went on one of the “longest bull market runs” with a brief crash in 1987, Hogan says.He says the economy expanded as the GDP and the number of jobs rose.”
Hey value ……S&P500 only 4% from another all time high
Couple of good days and we’ll be there
Cool eh
S &P 500 is having its final leg. I'm patiently staying sideline to buy first USA stock in 2024.I saw somewhere that the stock market rally is unstoppable. Yes. In the long run,but in the short run there should be strong correction or market pull back after the longest rally. It can come at any time. Besides stocks prices are historically high. On top of that few stocks(heavily crowded)are driving the market.
https://fortune.com/recommends/inves...s-bull-market/
Bear vs. bull markets: How they differ and can affect how you invest
“1. Don’t try to time the market
"The stock market is unpredictable, and trying to time it is risky business. You could miss out on some major returns by being too quick to sell, or holding off on investing altogether. “Rather than timing the market, focus on time in the market,” says Dan Tolomay, chief investment officer at Trust Company of the South. “Investors often fear that the market will fall if they invest, but the opposite is also true: What if you don’t invest and the market rises?”
I agree with this and I also like both bull and bear market. Most of the time I'm fully invested. I bought out of favour very attractive stocks without paying high prices during first half of this year as I don’t want to make mistakes again. Strong cash rich balance firms are my favorites.I never touch highly leveraged firms. Good luck for your trading!
Rule no 1: Never make mistakes again.
https://www.globalsharetarget.com/20...oogle_vignette
Starbucks Stock Price Prediction 2023, 2025, 2030, 2040 for long-term investment? Is Starbucks Stock a good investment for long-term?
"Friends, today in this article we will discuss what the Starbucks Stock Price Forecast can be for the future. Let us tell you that Starbucks Stock is a multibagger stock and the company's stock has given tremendous returns of above 30000% to its investors since its listing year 1992."
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Food prices remain 'worryingly high' after 12.5% annual increase
https://www.stuff.co.nz/business/132...nnual-increase
Electronic card spending increases 1% in June quarter
https://www.stuff.co.nz/business/132...n-june-quarter
Housing market records 'first meaningful lift' in prices
https://www.stuff.co.nz/business/132...lift-in-prices
https://www.bbc.com/news/business-65429067
Households in debt time-bomb, says Citizens Advice
"Fears of a "debt time-bomb" have been raised by Citizens Advice, which said growing numbers of households faced a "wild west" when seeking help.
The charity said it is helping more people who do not have enough income to cover essential expenses.
Director of policy Matt Upton said 51% of those it sees with debt issues have negative budgets, compared with 36% before the pandemic.
Mr Upton said there was no sign of that figure coming down."
https://www.cnbc.com/2023/07/11/cred...-can-help.html
"More than one-third of Americans — 35% — say they are carrying their highest level of debt ever or close to it, according to a Northwestern Mutual survey of 2,740 adults.
The top source of personal debt, excluding mortgages, is credit card debt, with 28% of respondents, the research found."