Black Monday

[bull....]

buffett still moves the markets

financial sector in the US down 1.55% the biggest loser on the day. largely due to buffett dumping bank stocks

https://www.cnbc.com/sectors/

and barrick gold up 10% due to buffett buying

https://www.cnbc.com/2020/08/17/barr...als-stake.html

[Zaphod]

Thankfully the property sector is booming driven up, no doubt, by those foreign buyers the general population have decried. It couldn't be ordinary New Zealanders ratcheting up the market as they try to get rich? No, definitely not. Hypocrites.

[bull....]

Thankfully the property sector is booming driven up, no doubt, by those foreign buyers the general population have decried. It couldn't be ordinary New Zealanders ratcheting up the market as they try to get rich? No, definitely not. Hypocrites.

yep and the mortgage deferral scheme to march will help prevent prices falling

https://www.landlords.co.nz/article/...ended-to-march

Im confidant house prices will not collapse i will be commencing a property development shortly. must say the banks seem to be looking into cash flow forecasts a lot more at the moment than usual

[bull....]

yep , so do we all now start cheering the new bull market lol. trump says next year will be the best ever for the stock market with him there , guess it could be if they print another few trillion and of course he has to be re-elected first

since i called the start of the new bull market some US markets are up double digits but maybe nearing over brought levels soon so some caution is warranted to keep one eye on this.
Our bitcoin breakout call for 10k is paying off up strongly again overnight. looks like its being used as a hedge against fiat money and is tracking gold.

[Zaphod]

yep and the mortgage deferral scheme to march will help prevent prices falling

https://www.landlords.co.nz/article/...ended-to-march

Im confidant house prices will not collapse i will be commencing a property development shortly. must say the banks seem to be looking into cash flow forecasts a lot more at the moment than usual

Interesting - thanks for that.

We've just started looking at a small commercial development which we've delayed due to the pandemic. I must admit I'm still al little more nervous than usual.

[bull....]

The jobs report was better than expected, but market worries gains will be fleeting without stimulus


https://www.cnbc.com/2020/08/07/the-...-stimulus.html


stimulus will be extended i would say , see gold finally getting the profit taking had to happen.



check out the dow jones utilities big ascending triangle in play when it breaks upside should be a massive rotation into utilities . probably flow into our utilities although i see there has been a sustained investment in the likes of vct , spk , cnu already so leaves plenty of catchup for the gentailers esp on positive smelter news . lots of speculation closure will be delayed in the newspapers

New 'final decision' on aluminium smelter in four to six weeks, says Forsyth Barr

https://www.stuff.co.nz/business/122...s-forsyth-barr

mentioned this a bit back about the DJU pattern hasnt broken yet but the utilities in NZ i mentioned have been under sustained buying , accumulation recently esp big portfolio action this week in those names as they break higher. I imagine the demand it is due to RBNZ recent comments and forward rate levels next year

[bull....]

Biggest NZ bank predicts negative interest rates



Most of New Zealand’s bank economists now expect that the official cash rate will slip below zero in April next year.

https://www.stuff.co.nz/business/mon...interest-rates

get your income why you can

[bull....]

ASB has revised its forecast for the official cash rate following the second lockdown in Auckland. The lender now believes the OCR will drop to -0.5% next year.

https://www.goodreturns.co.nz/articl...b-and-anz.html

[bull....]

Simplicity Offers Record Low 2.25% Mortgage, And Predicts Rates Will Go Lower

https://www.scoop.co.nz/stories/BU20...l-go-lower.htm

theres sustained buying in the dividend stocks , but not to late .... get your income why you can term deposits are going lower

[peat]

looking pretty gnarly on the SP500 futures.
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