Last week’s US Federal Reserve’s decision to increase interest rates by half a percentage point saw the Dow Jones Industrial Index tumble by 1,000 points (-3.12 percent). It also saw the price of Bitcoin, Ethereum, XRP, Luna, Solana, Cardano and Avalanche go into free fall. Bitcoin wiped around $100 billion from the combined crypto market…
To “Buy the Dip,” or not? There’s a lot of content out there on why this strategy is a bad one and how it traps investors. Done right however, this strategy is one of the few that can generate exponential returns. Firstly, buying the dip is best done following a black swan event or total…
“Guess who’s back? Travel’s back, baby,” says the MD of Webjet, John Guscic. And travel is back, borders are open, and people are travelling overseas. The online flight booking company is cash-flow positive and in a much better position than it was six months ago. According to brokers, this week’s FY22 result was an improvement…
Despite the media hype surrounding last week’s US rate hike, interest rates are going up but not as fast or as damaging as everyone thinks. The RBA upped rates for the first time in over 11 years by 25bps to 0.35 percent from 0.10 percent. Roughly a $65 a month increase, on a twenty-five year…
Morgans have released a summary of the key points from the recent bank reporting season. Of the banks that reported, Morgans says NAB was in line with consensus expectations, while ANZ and WBC beat consensus earnings expectations. Despite this, Morgans holds NAB as having the strongest 1H22 performance overall. NAB produced the strongest profit growth…
Markets around the world are still in freefall as losses mount as a result of investors moving out of risk partly due to inflation fears and supply chain disruptions partly due to the crisis in Ukraine and Covid lockdowns in China. The market is yet to become comfortable with the rate hike cycle that is…
Recent falls seen in cryptocurrency markets are being blamed on the crash of a stablecoin TerraUSD which fell 90 per cent from its $1 value this week, while its sister token Terra (LUNA) slumped more than 99.97% in the past five days. Stablecoins are cryptocurrencies where the price is designed to be pegged to fiat…
This week’s crash and burn of stablecoin Luna and TerraUST have raised concerns about the implications such a crash will have on investors, VC funds, other larger cryptocurrencies and the wider economy. It even raised the eyebrows of US Treasury Secretary Janet Yellen who outlined her stance on the risks that exist with stablecoins. Yellen…
In the US, corporate earnings season is in full swing, and it couldn’t come at a worse time. Investors are fleeing away from risk and to safety putting the market in a bearish unforgiving mood. Companies that have missed expectations have been absolutely smashed. According to FactSet, 70 per cent of S&P500 companies that have…
Bank reporting season is almost done with three of the four major banks have already posted their results. WBC, MQG and ANZ have reported. CBA is the remaining bank left to report. ANZ reported last Wednesday and whilst it was about 4 percent below market expectations, the market was happy. Albeit because the market was…
