Australian shares will snap a five-day rally on Thursday, as traders prepare for a forecasted increase in retail sales that casts doubt on an interest rate cut coming as soon as next month. Futures indicate the S&P/ASX 200 will open 44 points, or 0.5 per cent, lower. The Australian dollar… Read More »ASX to fall, retail sales to jump; bitcoin tumbles
Forecasts come from top-tier investment banks should not only be ignored, Plato stockpicker David Allen says, but traders should do the complete opposite. Another year, another set of Wall Street predictions about how the S&P 500 will perform over the coming year. The forecasts come from top-tier firms like Morgan… Read More »Will stocks keep rising in 2025? Don’t listen to the experts
The S&P 500 posted a modest gain on Wednesday as traders assessed the potential for future Federal Reserve rate cuts amid persistent inflationary pressures. The broad market index added 0.16%, closing at 5,918.25, while the Nasdaq Composite slipped 0.06% to 19,478.88. The Dow Jones Industrial Average outperformed, rising 106.84 points, or 0.25%, to end at 42,635.20.… Read More »S&P 500 ekes out narrow gain as investors shake off Fed’s inflation warning: Live updates
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 the long term or a sizable decline nearer term. In his latest memo to clients, the co-founder… Read More »Howard Marks sees cautionary signs of a bubble, says investors shouldn’t ignore today’s high market valuation
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 per cent lower, at 8285.1 points. Eight of the index’s 11 sectors were in the… Read More »Tech rally lifts ASX but utilities, miners weigh; Fortescue slumps
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 from their holiday break, they will confront a momentous decision – whether to reduce the… Read More »RBA should cut rates and not be fooled by trimmed mean inflation
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 the open, or 0.1 per cent, casting doubt that it could continue its four-day rally.… Read More »ASX to slip, Wall St hit by selling wave
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 market lower. The S&P 500 dipped 1.11% to close at 5,909.03. The Dow Jones Industrial Average lost 178.20 points,… Read More »Dow falls more than 170 points, Nasdaq loses nearly 2% as Nvidia leads tech selloff: Live updates
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 for a three-peat. Yet in each case, the offense has been less dominant, the wins… Read More »The stock market is losing juggernaut status as 2025 begins, but that doesn’t mean bull is over
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 from Donald Trump’s second presidency. Five chief investment officers in charge of the nation’s $4.1… Read More »Top super investors dash pre-election rate cut hopes