ep 300 | Why are markets upbeat amidst such grim data?
There's hope emerging that our economy is turning a corner. Is that possible with so much bad news still around? As always, whether your glass is half-full or half-empty depends on where you're looking, and what you're paying most attention to. We should expect more negative headlines in the months ahead, starting with the upcoming GDP report. However, keep in mind that some indicators tell us more about what’s in the rear view mirror than what’s ahead.
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6:08
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6:08
ep 299 | The week ahead - Did a weak jobs report just lock in a Fed rate cut later this month?
France will be in the spotlight early in the week, with a confidence vote being held on Monday in the National Assembly. The key event of the economic calendar will be the US CPI report for August, due Thursday, ahead of the Federal Reserve decision next week. The central banking highlight will be the ECB interest rate decision, where markets expect a hold.
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10:59
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10:59
ep 298 | New Zealand's economic recovery is delayed, not cancelled
New Zealand‘s long awaited economic recovery has been delayed, rather than cancelled. Most of us fix our mortgages, so when the OCR falls or banks reduce mortgage rates we don’t benefit from those lower costs right away. A steady stream of borrowers moving onto lower rates will hopefully boost activity and spending, putting businesses in a stronger position and giving them the confidence to grow, hire and invest.
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5:29
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5:29
ep 297 | The week ahead - Are Trump's tariffs illegal?
It's a holiday-shortened week in the US with markets closed for Labor Day on Monday, although the economy will be in focus this week with the August jobs report, ISM indices and the Fed's Beige Book all due for release. We'll also be watching for any political fallout after President Trump’s tariffs were ruled illegal by a federal appeals court last week!
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10:46
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10:46
ep 296 | What happens when mega-caps bend the benchmarks?
Three US stocks are now as big as four entire sectors. That’s not hyperbole, it’s the reality of today's market. NVIDIA, Microsoft and Apple together make up more than one-fifth of the S&P 500. To put that in perspective, it's more than the combined weight of the four traditional defensive sectors of the market - healthcare, consumer staples, utilities and real estate. What does this mean for investors, and should it concern us?
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