Weekly musings from your editor.
Gold has tested critical support at US$579/oz. So far so good. But there is a lot of fear in the market. Why are the bulls still so bullish?
Analysts have been telling us commodity prices are overbought for, oh, years? Maybe now they really are.
No doubt questions will be asked about Deutsche Bank’s change of heart regarding Telstra shares as an investment. We thought let’s ask a few ourselves.
Your editor’s weekly musings will be published on Thursday evening instead of the usual Wednesday this week.
HSBC Has joined the list of those bearish on the US economy, suggesting further weakness in the housing sector will see economic growth slow and potentially lead to a recession.
With even further falls in the oil price overnight, Wall Street is now wondering what all that inflation fuss was about.
Macquarie strategists are calling a recession to come in the US and recommend underweighting resources stocks in a market portfolio.
Recent weakness in the oil price may be just the beginning according to Morgan Stanley, the broker suggesting there is a structural shift underway in the market.
Five major investment banks and the New Zealand Exchange have joined to break the ASX monopoly.
