Black Monday

[bull....]

Australia Signals It’s Done Hiking Rates, Sending Currency Lower

https://www.bloomberg.com/news/artic...=homepage-asia

[t.rexjr]

Not sure about rate hikes, but as I posted a week or two ago, there is an argument for no rate cuts.
Seems the Fed is signalling otherwise though.

NZ on the other hand, I still think we will see rate cuts earlier than most of the market is predicting, which could be interesting for the NZD.

We need stability more than anything. The effects of all these hikes are yet to be felt in full, yet it's already been a long drought for some. Just neeed a clear signal that we've topped and this is the norm for the next period. Wheels are turning.

[bull....]

IMF warns New Zealand Government against borrowing to fund tax cuts, fearing this could exacerbate inflation

https://www.nzherald.co.nz/business/...IWFM2FS25IT5M/

should do them last yr of 3 yr term .... madness doing it this yr

[Bobdn]

Another record close on the S&P500. Bit of a monster day.

I now feel nothing as markets grind higher and I become richer. I'm completely desensitized.

Need to invest in a single NZ stock to reconnect with loss pain again. "Need to see if I still feel..."

[Rawz]

Another record close on the S&P500. Bit of a monster day.

I now feel nothing as markets grind higher and I become richer. I'm completely desensitized.

Need to invest in a single NZ stock to reconnect with loss pain again. "Need to see if I still feel..."

the loss pain is coming for ETFs dont worry about that. I reckon now is the exact time you want to be a stock picker rather than have broad exposure.

good luck to both methods

[bull....]

Another record close on the S&P500. Bit of a monster day.

I now feel nothing as markets grind higher and I become richer. I'm completely desensitized.

Need to invest in a single NZ stock to reconnect with loss pain again. "Need to see if I still feel..."

lol

anyway powell say all the right stuff. risk on assets powered up after and during speech

Fed meeting recap: Everything Powell said during Wednesday’s market-moving news conference

https://www.cnbc.com/2024/03/20/fed-...-decision.html

[bull....]

and NZ market opens down lol

[Toddy]

Oh gee. The economy shrunk. Who would have thought.

[Toddy]

Did Shaza at the ANZ get that one right.

[causecelebre]

I understand US inflation ex shelter is around 1% and given that shelter is so lagging the FED must be considering real time data.

I have so little faith in the NZ economy. I try not to read the main stream media but if the headlines are to be considered NZ is more concerned about divisiveness than pulling together to get this once awesome country back to being a productive nation. Again i'm trimming my NZ holdings and reallocating overseas as I did in '22