ASX News LIVE | XJO Edges Higher as Earnings Season Heats Up
ASX 200 opens higher. US stocks sustain momentum. Earnings season heats up with Netflix, Carvana, Tesla featuring along with Flight Centre, BHP, Nuix, and Zip locally.
Macroeconomic News: Insights into Economic Trends and Developments
The One Factor That Could Drive This Bank Stock Higher
Today’s Money Morning uses an experience with a certain stock as an example to illustrate the point that equating the state of the economy with the share market can distract you from opportunity. Read on for more…
ASX LIVE | XJO to Rise, NZ CPI hits 6%, US Banks Post Profits
ASX 200 is set to open higher, mirroring US equities that shrugged off tepid retail sales data in the US. The big focus was the on the largest four banks which all topped equity-underwriting estimates.
Borrow, Print, Repeat
Last week Gina Raimondo, Secretary of Commerce, said ‘we’ had to ‘push’ people around in order to realise her version of a good economy. It’s not necessarily an economy that gives people more of what they want; she wants an economy that produces more silicon chips! And the way to get it is with more central planning.
First the Crescendo, Then the Collapse
BusinessWeek’s cover story in August 1979 is a simple, but highly effective example of social mood. Most people don’t realise that by August 1979, the US market had gone nowhere for more than a decade, and investor despair would continue for another three years. In 2023, we have a social mood that’s the polar opposite of 1979. While the 1979 and 2023 investor outlooks are vastly different, the thought process behind the two contrasting positions is identical.
ASX LIVE | XJO to Open Down, Victoria Cancels Commonwealth Games 2026
ASX 200 to fall. Premier Dan Andrews announced this morning that the Commonwealth Games will not be held in Victoria as the cost would be 6-7 billion.
