Black Monday

[Valuegrowth]

tanking now , last tax day today. anyway correction mode evident now from nov rally

It seems to me that overvalued stocks are going to have big sell-off sooner than later. Time to stay with hidden gems and quality stocks with attractive valuation.

[bull....]

I have had a 6-figure short on the ASX Index since Feb 16th, it would be nice to observe my market prediction take place - I am certainly not getting a lot of profit elsewhere since exitting GTK at $5.99 for a 45% ROI.

ERD is a train wreck, SML has continued to be a basketcase since they started on their PC clean green machine garbage approach to running a company, THL will be great long term but has not shone through, and SAN has done the opposite of what I thought it would do since buying at the start of COVID.

Fortunately, my ASX investments have kept my head above water and my reputation with my wife intact.

Just gimmie 10%, oh please kind sir, I deserve some bread and water too

asx getting pummelled today , could slip back into its 2 yr range meaning it was a fake breakout therefore your mega short might go gangbusters

[bull....]

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

https://apnews.com/article/inflation...487fdb98395d09

wonder if we will get same reaction from ORR after today's CPI ?

[Daytr]

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

https://apnews.com/article/inflation...487fdb98395d09

wonder if we will get same reaction from ORR after today's CPI ?

The Kiwi Bank economist on RNZ this morning pointed out that the double digit increases in rates & insurance is going to keep inflation stubbornly elevated.

Hopefully the RBNZ is smart enough to know these two significant items just suck money out of the economy and will slow the demand for 'things'. They would be smart to ignore these distortions from the core inflation numbers. But are they smart?

On another note, I see the VIX is only marginally higher & is trading around the five year average, so for all the global tension, the VIX is treating it as trading pretty much as usual.

[Valuegrowth]

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

https://apnews.com/article/inflation...487fdb98395d09

wonder if we will get same reaction from ORR after today's CPI ?

If oil prices hit above $100 as a result of geo politics many industries will hit and inflation will go up further. Consumer purchasing power will drop further. Demand for EVs are falling. Cash rich companies will make more cash thanks to high rates. Highly leveraged companies will struggle.

[kiora]

Potentially not good for little old NZ
"WHAT'S HAPPENING WITH DAIRY COWS AND BIRD FLU?"
https://hub.jhu.edu/2024/04/15/qa-avian-flu-in-cows/
https://businessdesk.co.nz/article/p...4897-446239310

[causecelebre]

Fed’s Powell: Elevated inflation will likely delay rate cuts this year


https://apnews.com/article/inflation...487fdb98395d09

wonder if we will get same reaction from ORR after today's CPI ?

New Zealand’s consumers price index increased 4 percent in the 12 months to the March 2024 quarter, according to figures released by Stats NZ today.
The 4 per cent increase follows a 4.7 per cent increase in the 12 months to the December 2023 quarter.

[Joshuatree]

Potentially not good for little old NZ
"WHAT'S HAPPENING WITH DAIRY COWS AND BIRD FLU?"
https://hub.jhu.edu/2024/04/15/qa-avian-flu-in-cows/
https://businessdesk.co.nz/article/p...4897-446239310

Wow
bird flu has spread to two dozen US dairy herds across eight states. One human is reportedly got it too

[Rawz]

https://www.interest.co.nz/economy/1...ted-while-rent

New Zealand's annual inflation rate dropped to 4% in March, from 4.7% in December, albeit rents, house construction costs and council rates continued rising.
The Consumers Price Index (CPI) increased just 0.6% in the March quarter, up from 0.5% in the previous period.
The CPI measures changes in the prices paid by households for goods and services which provides insight into inflationary trends in NZ’s economy.
Statistics NZ said on Wednesday the price increases in the March quarter were the smallest since June 2021.
“However, they remain above the Reserve Bank of New Zealand’s target range of 1% to 3%,” Stats NZ senior manager Nicola Growden said.


Annual inflation still came in higher than what the Reserve Bank (RBNZ) was expecting as the central bank had forecast annual inflation to decrease to 3.8% in the March quarter.
Westpac and Kiwibank economists had cast 4.2% as their expected annual inflation rate, ASB picked 4.1% while ANZ went for 4% and BNZ came lowest at 3.9%.

[winner69]

RBNZ likes the trimmed-mean number

Stats NZ says-
The trimmed-mean measures – which excludes extreme price movements – ranged from 4.4 to 4.6 percent in the 12 months to March 2024 quarter. This indicates that underlying inflation is higher than the 4.0 percent increase in the CPI