Define pretty good...
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What most people keep forgetting that present state of economy dont relate 1:1 with state of stocks ...like economy was not at all bad in June 2021 when stocks were down in the dumps ...even property was miles away from bottom ...thus all will agree that stocks anticipate the future the fastest ...even faster then what used to be normally historically .
Stocks have already factored the worst fears by June 2021 lows ...now its trying to figure out end game of this inflation saga ...Collective market wisdom is mostly more correct than any single person's prediction ....so need pay more attention to TAPE then forecasts ...
If people had done that they wud have been happily invested long time back rather then keep waiting for double dips or prolonged downturns etc ...once all market is certain of rates path is down ...by then its game over already
One thing is sure. It’s hard to beat inflation including building inflation overnight. Don’t forget we have egg inflation too. My thinking is very close to Mr Gareth Kiernan.
https://www.theguardian.com/food/202...0-hens-told-me
https://captiveaudience.nz/speakers/spk6069
down nearly 5% last few weeks :scared: cut in dairy payout's savaging the market along with rising yields. my call for negative yr again looking good
I suspect today is an important one for the NZX market. Will folk hold their nerve or will a lack of buy side support lead to a continuing capitulation so that the train gathers momentum?
1.8% return over just under 17 years... for the capital index.