After going sideways for five months, the Aussie market has been on a tear lately. At the same time, our largest trading partner, China, has been in the news — and not all of it is for positive reasons.
This morning G8 Education Ltd [ASX:GEM], a listed early childcare provider, climbed 3.2% to $3.89 per share. What happened to G8 Education share price?
US politics is not looking like it’s going to be a beacon of calm over the rest of the Trump presidency. And the massive US debt ceiling problem is not going away. Such volatility usually triggers more investment into safe haven assets. To my mind Gold could be the big winner in the short term.
It’s OK to be wrong in the market. After all, we’re trying to predict the future here. But, it’s not OK to keep being wrong in the face of overwhelming evidence to the contrary.
You know what to expect from the RBA this afternoon? Noise to talk down the Aussie dollar. Most importantly settle for the back-pedal from the central bank.
Consumer price inflation for the June quarter, will be an important number for the market. It will give you an idea of when an interest rate rise is coming.
While the official retirement age might be 67, we should mirror-reverse those numbers and expect the unofficial number to be 76.
The implications for real estate, banks and the US economy will be huge in coming years. So I’m not so sure that the US is on the cusp of a recession.
Correction, or the start of a crash? That was the debate in the Money Morning office this week. Is it in the process of forming a bottom?
Without wage increases, the only way to grow the economic pie is with more debt. It’s possible to stretch debt’s ‘waistline’...loosen the belt a notch.