Into The Storm: What Next?
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- Опубліковано 10 тра 2024
- This is my weekly market update, starting in the US, crossing to Europe, then Asia and ending in Australia plus commodities and crypto.
An unusually strong solar storm hit the Earth overnight producing northern lights in the US and Europe and southern lights across Australia, including Queensland. Bright auroras were visible at unusually low latitudes. The G5 geomagnetic conditions could potentially disrupt power and communications with warnings to governments and critical infrastructure operators about the potential impacts on infrastructure and essential services.
This reminded me that things can be unpredictable, and markets risk surprises in the weeks and months ahead, as Central Banks, who created the massive inflation storm by their own actions, try to reverse the effects through higher for longer interest rates. Meantime Government debt continues to rise, together with the costs of debt servicing, and many ordinary households are caught in the crossfire. Yet financial markets are still hopeful.
On Friday shares in New York were modestly higher, with techs somewhat lagging. But all three indexes were up for the week with the blue-chip Dow nabbing its largest Friday-to-Friday percentage advance since mid-December. The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The question of how independently will other Central Banks move their base rates ahead of the FED comes more into view. More broadly is the U.S. exceptionalism trade fading?
And what does the demise of Perpetual, like the fall of AMP before it, also tells us about the changing nature of Australia’s financial services sector: the growing scale and power of the superannuation sector; the rise and rise of passive investing and private capital; and the global struggle to make the listed funds management model work?
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"rate cuts"?... they are dreaming..... or just straight up lying
well they lied about when rate rise's would take place
Thanks excellent
So nice of you
Great summary thanks Martin. The Fed are watching the yen closely as the Japanese hold alot of US debt and can’t afford a sell off like China has been implementing since 2017. Could be one of the reasons to cut. Personally I would like to see rates continue to rise and cleanse this debt laden ponzi.
agree , but the dirt that needs to be cleaned up , is the government of the USA . while government keep protecting the lenders , nothing will change .
key dates to remember 1913 , 1971, 1980s , 1990s , 2007 . and september 17 , 2019
Yeah last night lights were incredible all the way up to Melbourne, Coburg.
dont think too much! Go have a VB! .......BurrrrrrrrrrrrrP!
🙏👍🇦🇺
They will be merciful and cut rates
No they won't. Inflation to high, and they don't want Australians to own homes.
The American Fed is saying higher for longer and we are follow the Fed
@@These-times-are-awesome good for you. Did you want a medal? I am starting to question whether you in fact own anything. Usually those who run around bragging don't.
Storm was strong, but not that strong its more that our magnetic field is down about 25-30% so its hitting us harder then it should, our magnetic fields has gone down fast since about 2000.
Why ? Explain
@@WTF00007 why its going down? cyclic i guess, there was also the 1859 super flare that kicked it off.
Interest rate inflation has caused widespread inflation
Follow, have lifelog, will include economic from now watch. Desperated from X or twitter. Not interested no more in US.
the world still spins so who cares?
Slower interest rates cuts?? Thats because of inflation and QE central bamks should be increasing rates.