The local market was very close to making an all-time high this week. Big falls in US markets overnight have carried over here. Did the Dow Jones Index just peak near the big round number of 50,000?
The worry that AI will make it difficult for a lot of software companies has taken a toll on our local “tech” type stocks with the technology ETF ATEC down considerably over the past few months.
Wisetech Global is down about 70 percent from the last high and has a history of big falls. It suffered a similar 70 percent decline in 2020 and over time recovered nicely. Can it recover again?
Long suffering shareholders of CSL were dealt another blow this week with poor results and a corporate sacking sending the price lower. This is a long way from those highs around the $320 mark back in early 2022.
CSL on a quarterly chart.
AGL Energy was one stock to bounce after their latest update.
Electrical contractor Southern Cross is seen as a winner in the data centre building phase.
One infrastructure stock that is going up is Dalrymple Bay.
Commonwealth Bank’s results pleased investors.
One analysts look at the gold to copper price ratio.
The current very low GDP growth forecast put into some longer-term perspective as the slowest in around 36 years. We are not going that great. Continuous high rates of immigration does put extra pressure on the economy along with low productivity rates, for example in the union dominated construction sector. Some estimates suggest that has cost Victorian taxpayers around an extra $15 billion in major project budget blowouts. Source AFR.
A look at how US growth sectors are performing against the value type stocks and emerging markets stocks.
A very informative chart from the Firstlinks website produced by Owen Analytics showing inflation cycles and rates of return over the decades. Higher inflation generally saw lower returns over past cycles.
Investment theme returns by the decade. Some analysts suggest the bigger the climb the harder the fall, time will tell with thematic peaks coming just before recessions sometimes.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Cheers Charlie.
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