NZ stocks may hit a high before next sell-off - not looking good at this stage
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Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when.
https://www.cnbc.com/2024/03/06/powe...est-rates.html
anyway I see mag7 is leading the charge again today after yest sell-off
think we should look at these 3 now too
bitcoin soaring
gold soaring
nvidia soaring
looks like oil wants to break in to the 80s
anyway i see conway was saying yesterday RBNZ may drop rates quicker if fed drops first
Some analysts expected rate cut in the first quarter of 2024. According to my analysis, we may expect rate cut from Fed in the 2nd half of 2024 or in 2025. I, am not worried even if market and Interst rates go up or down. In every situation we get opportunities.
Meanwhile in NZ....
I still think rates might be cut a bit earlier than November.
https://www.newstalkzb.co.nz/on-air/...uts-will-come/
nvidia powering to the moon again , anyway overlay a nvidia and btc chart pretty cool how both seem to be in tandem moon shooting and both launched at similar timing