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Eh up!
Dumb and dumber spouting nonsense again.
Socialism! Heard it all now. I personally invest on wether I can make profit on my investment ! I leave it to fools like Richie poor to bring his political beliefs into his investments.
Anyway back to my original starting line, which one is dumb and which one is dumber as it’s a close run choice :)
Correct, until the financial sector stabilises they’ll likely pull most everything else down with it. If the federal reserve pause interest rate rises how does that help inflation as it’s not tamed yet there or Europe. Going too soon risks inflation going up again in the medium term. Central banks in the US, UK and ECB have a very tricky decision to make a call on going forwards. The budget mostly benefited the rich. Much like the hospitals who will work looking after these children in crèches etc. the wages don’t make it an attractive place to earn money on minimum wage. Looks great on paper for political browny points but unless they can staff it then it won’t work.
ECB interest rate rise of 0.5% to maintain credibility but with problems in the financial sector it’s a tricky one to go there. What you have to factor in is that central banks are putting out small fires in the financial sector so should one of these find some oxygen to burn it could fall quickly. The situation looks a lot more risky in past two day than it did. Some smiley faces for you :) :) :)
The banking concerns have spread to Europe. As I said this morning Credit suisse investment bank. That decline comes after media reports that Saudi National Bank representatives said they could not shore up their investments in Credit Suisse, citing regulatory concerns. Basically their top share holder has said it won’t be pumping more money in.
Federal reserve gave certain guarantees to protect depositors and for same regional banks to pay out deposits without having to sell bonds at a loss. A lot of the US regional banks that lost big amounts yesterday where pulling back some of their losses in pre-market earlier this morning. When the banks do well general they help pull up the markets. Added more Barclays and Lloyds this morning. US CPI also cooled in February. Should be a good day for those that indulged in some dip buying as long as no further financial sector issue spring to light. GL
Nettles
My take is that the US market is up on expectations the federal reserve won’t raise interest rates at the next meeting or at worst 0.25% down from expected 0.5%. Speculators will feed into riskier growth stocks such as tech. Maybe those speculators are right that the Federal reserve had a wake up call with these bank failures. Still mulling over the permutations myself for now as difficult to see wether further bank issues may be coming in next few days. Good for big banks as depositors will be moving cash into these safer banks from riskier small banks in the current climate. Lloyds and Barclays are looking a good price today for a top up so might regret not adding more.
Nettles
I’m not this CW person so I’ll ignore that.
Your prediction this morning doesn’t have legs unless the banks financial sector worries die down and show signs of recovering. Tricky to make predictions at the moment until that situation calms down.
Richierich
You clearly don’t now what’s going on in Ukraine so I’ll refrain from talking about it with you. Do a bit more research with a ‘balanced ‘ view on why it’s happened and why it didn’t need to happen and could have been avoided. The US had options at the start to avoid the war and subsequent loss of life on ‘both’ sides. Your problem is that your blinkered to a one sided view, if you read more than the western media narrative controlled by western governments you MIGHT realise there’s corruption on both sides but the west does it in a suit.
They had to roll ‘Biden’ out to try to calm depositors. Bless him :)
Current trading halts today.
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts