News

The bear market that started in late February for the US S&P 500 is the shortest in its history

The Federal Reserve, despite its efforts to support the economy, raised concerns that the US economic recovery from the devastating effects of the pandemic continues to face a highly uncertain path – denting investor sentiment. 

Closer to home, while the overall index moves in NZ and Australia have been relatively muted of late, under the hood there are big individual stock moves as we move through reporting season.

We remain BUY rated on Summerset as our top retirement pick due to the MET takeover, and as it  is more attractively valued than peer Ryman Healthcare.

Global markets were mostly lower on Friday on the back of mixed economic data and as US stimulus talks remain in a stalemate.

Closer to home, NZ lockdown extension measures were announced that were largely “as expected”, and the NZX has opened higher this morning. With the ASX market reaction to Melbourne a good case study, our view is that the NZX is currently pricing in a shor

Closer to home, NZ lockdown extension measures were announced that were largely “as expected”, and the NZX has opened higher this morning. With the ASX market reaction to Melbourne a good case study, our view is that the NZX is currently pricing in a shor

Global markets were mostly lower overnight, with the US market edging lower (S&P 500 Index -0.8%) as uncertainty grows around a covid-19 stimulus bill with negotiations at a stalemate.

Global markets were mostly up overnight, with the US market climbing higher (S&P 500 Index +1.4%) and briefly surpassing its record high close in February intra-day.