Walk The World The latest edition of our finance and property news digest with a distinctively Australian flavour.
Any incoming data requires interpretation to make sense. And the truth is, factors like recency bias, expectations, and hopium can all influence how newsis interpreted, and decisions made. We saw this on Friday when US markets read the data as signs of a slowing economy, and immediately went to the FED easing rate rises, despite earlier news that they are keeping at the rate rising until inflation is crimped. Treasury yields fell sharply as investors continued to price in the step down in the pace of rate hikes at the Fed’s meeting next month.
But I think the central bank will need to see further slowing of price increases in the December inflation report, due out next week, before deciding whether to slow its next rate hike. It raised rates 50 basis points in December.And future earnings expectations are likely overdone for now, so perhaps markets were one sided in their interpretation of the data. In the minutes from the Fed’s December meeting [released] this week, it was unanimous among members of the FOMC group that they are going to keep interest rates high all year long. We will see.
*CONTENTS*
0:00 Start
0:15 Introduction
0:30 Data is not Neutral
1:30 US Jobs Report and Macro
3:40 US Markets
7:40 Oil Down
10:20 Gas Down
12:35 Europe
14:00 China and Asia
18:00 “N” Shaped Recovery
19:00 Australian Market
20:19 Gold too high?
21:40 Crypto Bearish
23:25 Summary and Close
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Go martin đź‘Ź
Ah Hopium
Cant wait for monday when The A.S.X opens in the Green Lovely Investment's.
Martin North, please play this back to yourself. Actually you've done worse
So you want us to listen to 25 minutes of this?
Kevin McCarthy wins speaker. 1.7T omnibus bill will be burnt.
I very much hope my outlook proves incorrect. But I (from U.S.) see no economic hope for several years. We are $32 TRILLION in debt. We just sent $100 BILLION to Ukraine. The West is toast.
Go to public opinions not graphs we can’t pay bills by reading graphs .have the balls and start exposing the corruption in the beuraucracy
Awaken the people of what is coming in the future and what they can do about it instead of what the graphs show even the graphs are manipulated to keep us clueless of reality
Martin be a rebel and take the risk to undermine the corrupt politicians but you won’t because of fear of shutting you down and no income
Your best title yet Mr North, I hope you understand your data is not neutral either.
Thanks Martin. Interesting to see the data. Will be interesting to see the Feds next move.