Pacific Perspectives
Howard Marks sees cautionary signs of a bubble, says investors shouldn’t ignore today’s high market valuation
Howard Marks, one of the most respected value investors, who famously foresaw the dot-com bubble, is pointing out a handful of red flags in the market such as valuation that could mean poor returns over…
Tech rally lifts ASX but utilities, miners weigh; Fortescue slumps
Australian shares closed marginally higher on Tuesday amid mixed sentiment from stock-pickers, as a rally in technology shares was tempered by losses from miners and utilities. The S&P/ASX 200 Index closed 27.7 points, or 0.3…
RBA should cut rates and not be fooled by trimmed mean inflation
The central bank should not ignore the fact that the actual inflation rate Australian consumers and businesses feel is now within the designated target range of 2-3 per cent. As Reserve Bank board members return…
ASX to slip, Wall St hit by selling wave
Australian shares are poised to open modestly lower as ASX futures responded to a sell-off in technology stocks on Wall Street that reversed earlier gains. Futures predicted the S&P/ASX 200 would slip 10 points at…
Dow falls more than 170 points, Nasdaq loses nearly 2% as Nvidia leads tech selloff: Live updates
Stocks fell Tuesday as strong economic data raised questions about the possibility of Federal Reserve rate cuts later this year, leading to a spike in Treasury yields. Declines across major tech stocks also dragged the…
The stock market is losing juggernaut status as 2025 begins, but that doesn’t mean bull is over
The stock market enters 2025 looking something like the Kansas City Chiefs. The S&P 500 is coming off consecutive 20% annual gains, the Chiefs were winners of the past two Super Bowls. Fans of both are rabid…
Top super investors dash pre-election rate cut hopes
Superannuation investment managers predict the Reserve Bank will not cut rates until the middle of the year, but say investors should remain cautiously optimistic about the economy in 2025 despite continued inflation and potential volatility…
How this $159b fund is profitably riding the ‘untethered’ sharemarket
Colonial First State’s head of investments Al Clark says a sharemarket bubble is brewing. But rather than selling, it is staying invested and ready for “damage control”. Al Clark once sat through a lunch with…
Veteran financial crash survivor warns of 2025 Wall Street bubble
One of Australia’s best-known contrarian investors Willy Packer warned against jumping into US shares this late in the cycle arguing the risk of loss is simply too big to chance at current prices. Mr Packer, who…
S&P 500, Nasdaq post back-to-back gains on Monday as Nvidia shares rise: Live updates
The S&P 500 climbed alongside the Nasdaq Composite on Monday for back-to-back wins, as Wall Street rebounded from a losing week and chipmakers surged. The broad market index advanced 0.55% to end at 5,975.38, and the Nasdaq Composite added…