wall st having nice rally into end of mth
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wall st having nice rally into end of mth
As an asset class livestock commodities were strong during last two days when other assets tanked. Dow rebounded. Asian markets are also rebounding. Short term speculative driven overbought assets are also having pulled back or correction. Baltic Dry index also fell. Attractive opportunities always will appear when markets shake up.
Unemployment in USA down to 3.8%. All sectors doing great, worker shortage on the horizon, wages increasing, inflation low. Economy strong. Big up finish to the week. Purple patch Monday.
As I expected overcrowded things including overcrowded stocks fell dramatically as they had extended so much.
However,there are some incredibly cheap European stocks. Then there are very attractive stocks in the Asia-Pacific region. For me Italy problem has created some opportunities. I consider it similar to other European political and economic issues. Eventually they will find a solution. U.S. equities remain very expensive. But still there is some positive moment for USA stocks although U.S. equities have re-entered overbought territory. According to some analysts, earnings expectations for the Asia-Pacifi region ex Japan remain fairly modest and they expect to see upward revisions in coming months. Valuations are looking less expensive following the February sell-off and recent sell-off.
https://russellinvestments.com/us/in...acific-outlook
Asia Pacific: And the show rolls on
biggest issues next 2 weeks
trade wars
https://www.bloomberg.com/news/artic...rade-war-looms
fed meeting
https://www.bloomberg.com/news/artic...sion-day-guide
nth korea meeting
nasdaq hits another record up 11% this yr one of the best places to be this year so far
https://www.bloomberg.com/news/artic...s-markets-wrap
few issues on the horizon...
https://www.stuff.co.nz/business/opi...-doing-nothing
I dont suggest that this will be a cause of the next crash but interested in views on how recent pay increases above that which is normal in the past 10 years could affect the markets in NZ. Both Nurses and Teachers are gunning for significant pay rises compared with recent years. Pay rises lead to inflation? Inflation leads to interest rate rises? Interest rate rises cause instability in the housing market? Not sure if my rationale follows but interested in more learned thoughts on this. ta