My gear is due to arrive from Australia over the next 2-3 days, so I won’t be making my regular shows while I unpack and set up the studio properly. However, I will be back soon, and plan a live stream Tuesday 20th on Mortgage Stress and post code analysis (no live stream this week).
Meantime, check out my latest with John Adams on our In The Interests Of The People channel here: https://youtu.be/VkhuwId32NA
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash.
Surging enthusiasm for technology giants building consumer products based on artificial intelligence catapulted the US benchmark S&P 500 into a technical bull market on Thursday. On Friday, the blue-chip bellwether index was up more than 20 per cent from its lows and is at its highest level since August, with the tech-heavy Nasdaq index chasing seven straight weeks of gains to soar 27.4 per cent year to date.
“As of today, the S&P 500 is back in a bull market,” said Arthur Hogan, chief market strategist at Briley Wealth, noting that the index finished Thursday with a 20% gain off its recent lows. “The one thing that could tip over the apple cart is an over-aggressive Fed.”
“It’s maybe the most hated bull market in the history of bull markets,” said Tim Holland, chief investment officer of investment platform Orion OCIO.
“Sentiment was terribly depressed going into year-end and still remains on the bearish side.”
And just remember how narrowly based this surge is though as hot money seeks a home in an uncertain world.
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Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from the ABS highlights the rising number of workers with multiple jobs in an attempt to cover the rising costs of living. Many women working part-time in healthcare and related sectors are impacted.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
In my latest Friday chat with Journalist Tarric Brooker, we parse the recent Central Bank decisions, and get below the surface to consider what lays beneath. And in Viewers questions, we look at mortgage and property values, listings, and inflation projections.
Slides are at: https://avidcom.substack.com/p/charts-and-links-from-appearance-179?sd=pf
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
In our latest show we review some of our predictions from earlier in the year, look at why the Chatterers are buying apartments in specific locations, and parse the latest numbers. Also, an important message for anyone considering renovating a bathroom or kitchen in a high-rise!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The rate hikes from the RBA and BOC are important indicators for the FED decision next week. In short, rates are going higher for longer, suggesting a recession, and further pressure on banks. Are markets finally getting the message?
Could we be about to see a change in the property listing weather?
The rate rises are now starting to bite – as the lag after the RBA announcements translate into higher rates. And renters are also being hit. But the distribution of the pain is unevenly spread. This will not end well.
There has been a spate of changes to lending rules as banks seek to make it easier to refinance and borrow. Question is, is this really in the interests of households?
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Join us for a live discussion tonight following the RBA decision today, with Damien Klassen from Walk The World Funds and Nucleus Wealth. You can ask a question live!
