Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Join us for a live discussion with Meighan Wells from Property Pursuit as we explore the current dynamics of the rental sector. Given rising interest rates, and rents, lack of supply and the reemergence of AirB&B, how does this all play out. This is part of a DFA series on renting.
You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/
We discuss the RBA’s QT programme as presented https://www.rba.gov.au/speeches/2022/sp-ag-2022-05-23.html
As the Bank now takes steps to remove the considerable monetary stimulus, increases in the cash rate are the tried and tested measure that will do most of the work, including because they can be easily calibrated to evolving economic conditions. The end of the TFF and the gradual process of QT will also play a role in this task, but a predictable and modest one.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street’s longest streak of weekly declines since the dotcom bust more than 20 years ago.
Interest rate-sensitive banks jumped 5.1% after the largest U.S. lender, JPMorgan Chase & Co raised its current year interest income outlook. JPMorgan Chase’s stock surged 6.2%.
“It feels like a relief rally more than a fundamental change in investor sentiments,” said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. “Investors as a whole feel like there’s another shoe to drop and they’re probably right in the short term.”
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Another causality of the crypto crash: Australia’s largest bank has paused the launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market. Commonwealth Bank announced in November plans to allow its customers to buy and sell cryptocurrency through its app. But the Guardian reported today that has now been put on hold.
It is a tumultuous time for cryptocurrency. Stablecoin Terra collapsed this month, causing an effective crypto crash that wiped between 15% and 25% off the value of most major cryptocurrencies.
Go to the Walk The World Universe at https://walktheworld.com.au/
Every day data snips are flicked across the web to facilitate tailored ads being served to our devices. But are we aware of what is going on under the hood – and of the concerns of regulators and market analysts?
Go to the Walk The World Universe at https://walktheworld.com.au/
Property Insider Edwin Almeida and I look over the election results, and consider the impact on property, examine the latest from China, and the market trends. What will be done to try and “save” the property market now?
Go to the Walk The World Universe at https://walktheworld.com.au/
A quick take on the election results. More than a blip, perhaps a change in the political weather. Greater relevance to local communities, a more ethical behavior set, and (perhaps) less influence from well funded power blocks?
Go to the Walk The World Universe at https://walktheworld.com.au/
In this week’s market review, we see the negative moves now compounding as the bears remain in charge, emboldened by fresh statements for Central Banks about the need to tackle rampant inflation, and even confirming that falling markets ARE PART OF THE PLAN.
As usual we start with the US markets, as it really sets the tone for global trends, cover Europe, Asia and Australia as well as crypto and commodities.
In fact on Friday US stocks pulled back from session lows after the S&P 500 dipped 20 per cent below its January 3 closing record. 20% of course is defined as bear territory. Treasuries and the dollar gained as havens caught bids. The NASDAQ is however already over that line by some margin, and we can expect more falls ahead.
Afterall, the US consumer is deeply negative. “While many cross-currents are causing the current sell-off, the proximate cause of the recent acceleration in the stock declines revolves around fears about the U.S. consumer,” Glenview Trust CIO Bill Stone wrote. “For the first time in the post-Covid period, retailers have been stuck with some excess inventories. Costs due to inflation are also taking their toll on their earnings.” “Lastly, there is evidence that the lower-end consumer is feeling the pinch from the increase in prices,” Stone said.
The sell-off has led to increasing warnings of stagflation and to Wall Street strategists cutting their S&P 500 targets. It has also led to investors scrambling to find places to hide during the downturn.
And At the end of another volatile week, price swings were likely to be exacerbated by the monthly expiration of options tied to equities and exchange-traded funds.
Go to the Walk The World Universe at https://walktheworld.com.au/
A deep dive on shelter costs in the CPI based on an article from the US Bureau of Labor Statistics. Things are not as they might appear – another case of numberwanging…
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How much pressure are volume home builders under given the demand stoked by HomeBuilder, and the rising cost of materials, the lack of available workers, supply chain disruption and rising interest rates?
What can we learn from Metricon?
Remember the home building sector employs more than one million workers!
Go to the Walk The World Universe at https://walktheworld.com.au/