In today’s show we round up the market action for the week, as the Fed put the interest rate cat among the pigeons, markets saw significant rotation away from tech stocks, and inflation fears continued to take hold. What we are not seeing yet are the practical effects of the informal COVID driven lock downs as more businesses and households are being impacted, and as confidence takes a hit. Another reason to believe the uncertainty will continue.
In the US , the S&P 500 closed down Friday, marking its worst weekly start to a year since 2016 amid pressure from tech stocks as Treasury yields continued to rally on rate hike expectations despite a mixed monthly job report.
Go to the Walk The World Universe at https://walktheworld.com.au/
0:00 Start
0:19 Introduction
1:30 US Jobs Report
5:40 Yields Higher And Fed Catch-Up
7:30 US Markets
8:45 Gamestop and NFT
11:30 Gold Still Weak
13:40 Oil
17:00 US Consumer Credit Up
18:20 Europe
19:40 China Economy
20:50 China Property
24:00 China Credit
26:00 Olympics
28:20 Australian Market
30:45 PayPal Stable-coin
33:05 Summary and Close
Poor Kiwi’s have been hit by some of the highest interest rates in the western world, thanks to the aggressive OCR hikes from their...
State and Federal Governments have been marked with a massive “fail” in their half-hearted attempts to show they are really committed to increasing housing...
As expected, the Bank of England finally cut the base rate by 0.25%, to 5%, the first cut in four and a half years...