Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
https://youtube.com/live/VxPRZxt68Pg
Join me for a live discussion with Head of Investments at Walk The World Funds And Nucleus Wealth, Damien Klassen as we look at the current market movements and what might be ahead.
You can ask a question live!
Go to the Walk The World Universe at https://walktheworld.com.au/
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
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited edition of my recent live show, where I discussed the outlook for 2023 investing with Damien Klassen, Head of Investments At Nucleus Wealth and Walk The World Funds.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
At the end of the year, we can look back and pick over the coals of the old and look ahead to the new. But of course, it’s an artificial delineation, and the forces mustering at the end of the old year such as recession risk, rising interest rates in response to inflation, Ukraine and COIVD all are still in play.
Remember U.S. stocks just polished off their worst year since 2008 with a loss on Friday, bringing the year-to-date decline for the S&P 500 to 19.4%, its largest calendar-year drop since 2008. The only years where stocks fared worse were 2002, 1974 and 2008. The same holds true for the Dow Jones Industrial Average, which shed 8.8% this year, and the Nasdaq Composite, which lost 33.1%.
As previously high-flying megacap technology stocks and other interest-rate sensitive assets crumbled, value stocks outperformed this year, sending the Dow to its biggest calendar-year outperformance vs. the Nasdaq since 2000. The blue-chip gauge also recorded its biggest outperformance vs. the S&P 500 since the index’s creation. Energy stocks were a lone bright spot, as the S&P 500 energy sector recorded its best year on record with a 59% gain.
CONTENTS
0:00 Start
0:16 Introduction
0:30 Annual Performance
1:53 US$
2:50 Bonds And Stocks Fall
6:15 Oil
6:40 Gold
7:00 Bitcoin and Gold Compared
8:50 Europe and UK
11:09 China And COVID
11:35 Australia
13:22 Recession Scenarios
19:42 Factors To Consider
24:15 Regulating Crypto
26:04 Conclusion and Close
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Forecasts for 2022 were wrong, so wrong, so what about 2023? Perhaps it is not about being right, but more about marketing? So, in that context, are forecasts worth the paper they are written on, and should anyone care?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with the CEO of BTC Markets to discuss the broader perspectives on Crypto in the light of FTX.
https://www.btcmarkets.net/about-us
Perhaps we should be careful not to put the baby out with the bathwater!
“Our vision is to build the digital financial infrastructure for the future. We are moving forward with that overarching and audacious strategy and can clearly see how this will roll out.” Caroline Bowler CEO, BTC Markets
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest Friday afternoon chat with Journalist Tarric Brooker, as we walk through the key charts as we come to the end of 2022. So, what might 2023 look like?
Go to the Walk The World Universe at https://walktheworld.com.au/
Links to Tarric’s charts and recent articles:
https://avidcom.substack.com/p/charts-that-matter-9th-december?sd=pf
https://avidcom.substack.com/p/how-long-can-australians-keep-spending
This is an edited version of a live discussion about the financial markets with Damien Klassen, Head of Investments at Nucleus Wealth and Walk The World Funds.
We discussed the recent rises in the markets, and whether they are sustainable, policy errors, China, property prices, crypto and investing strategy.
Go to the Walk The World Universe at https://walktheworld.com.au/
Join me for a live discussion about the financial markets with Damien Klassen, Head of Investments at Nucleus Wealth and Walk The World Funds.
You can ask a question live!
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest chat with Journalist Tarric Brooker, as we answer questions relating to inflation, on the day after the latest data from the US was lower than expected. So, we examine why that is, and what the implications may be.
Sides available here: https://avidcom.substack.com/p/charts-that-matter-11th-november
Go to the Walk The World Universe at https://walktheworld.com.au/