Reported by the AFR, the AUD to USD conversion has fallen by 5.4% since the beginning of this year.
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...

We saw that the U.S. stock market has wrapped up last week with a flourish as S&P 500 and Nasdaq Composite went up by 1.1% and 1.2% respectively, both has closed near their daily highs.
The buy-the-dip strategy investors deploy after experiencing a shaky start to the second quarter, despite a weekly downturn, this is a nice upside. The most significant factor driving this positive momentum is robust March employment report which added 30...

Possible Swing Trade Opportunity
A couple of the tobacco companies had some bullish activity towards the end of the week. This could possibly be a small rotation of capital into the value that these companies offer since big tech had such a rough week last week.
Either way you look at it, these companies have been consolidating for a very long time. And they could very well be ovwrdue for some upside.
Long-term prospects for these companies a...

Soft landing is much more likely than before

Global economic prospects hang on a delicate balance, largely hinging on the path of inflation
While inflation looks to be easing, there remains the risk of a second wave of price pressures driven by geopolitical conflicts and supply disruptions in the Red Sea. Adding to this, a stronger than expected labor market could drive consumer demand, pushing up higher prices.
This graphic shows 2024 inflation projections around the world, based on forecasts from ...

Equity risk premiums slimmed down so much that they now fit in skinny jeans
The thrill of stock investment just got a that less thrilling.
With the S&P 500 flirting with record highs, the extra cash investors pocket for choosing stocks over bonds has hit its skimpiest level since the Spice Girls topped the charts in 2001.
You read that right.
The U.S. equity risk premium is the slimmest in 23 years.
What's the culprit?
A one-two punch of:
1️) Sky-high T...

We still see a lot of green (+ growth) in current forecasts. Yet fragility has many economists cautioning a prudent approach on interest rates.

tulsa