The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think the shift from tech stocks and the feds increasingly bearish outlook might dampen things across the board. Probably see a re-balancing as everyone is getting out of risk assets, whether that's a theme for the year or not will determine how markets do this nxt month. Maybe inflation will drop and everything rebounds.
all the tech and crypto dumping could bolster companies with low multiples (maybe)
Took a couple grand out today but less than 10% of my holding. Going to try pick up some cheap crypto.
Looks like the dumping of tech stock is going to continue. Helps us as the US keeps switching into value stocks ehich this will be if cash flow returns. 163 is still cheap tbf but after 25% rise in a month I expect a little pull back. Won't try and time it as I'm always wrong.
This normally impacts equity prices.
The second of the week’s big labour market releases comes in at 8:15 AM ET (1315 GMT) as payrolls processor ADP publishes its estimate of how many jobs were created in the private sector in the month through mid-December.
Analysts expect a gain of 400,000 jobs, which would be a clear slowdown from the 534,000 recorded in November and the lowest in four months, but still a reasonably strong month on a longer-term historical comparison.
Software and internet stocks sold off Tuesday, driving the Russell 1000 Growth Index down 1.1%. Meanwhile, energy and financial shares surged, leading gains among those trading at lower multiples based on profits or book value.The divergence was so wide that over the past two sessions, growth has trailed value by 1.5 percentage points. That’s the worst underperformance for growth to start a year since 1995.This rotation came alongside a spike in Treasury yields on expectations that the Federal Reserve will raise interest rates this year to tame inflation. While the prospect of higher borrowing costs have prompted traders to rethink their affection for growth stocks -- particularly those fetching nose-bleed valuations -- rate hikes could signal an accelerating economy. This could be good for cyclical companies.
Lot of pish, as per...
Theres billions of viruses in a droplet of seawater these clowns get paid to write utter guff.
But it'll get twisted as a "co-infection" something that's been happening for the past 2 years and nobody cared
I think a lot of investors close out their positions at year end, lets them assess their positions and ultimately what theyre getting paid ... into the new year they start again. Hopefully this is the start of a recovery and not traders profiting. Maybe fomo will drive it higher through the week.
Good to see positive sentiment returning though.
I agree on Blair, the guy should have been put on trial and forced to show evidence to support his war on Iraq. Its my opinion he lied to to parliament and the country knowingly.
Only area of the country that was secured was the oil industry the rest was left to ruin. Speaks volumes imo