A big week in stocks: is it time to buy?

Investors have been spending big in global sharemarkets this week following the US central bank's 0.5% rate cut announcement. Both the US and Australian sharemarkets hit new highs as a result, explains moomoo Australia market strategist Jessical Amir in today's 'The Weekly' video.

For the US, construction and engineering stocks, as well as oil and gas really benefited from the market surge. Consumer stocks such as $Airbnb (ABNB.US)$ and $Tesla (TSLA.US)$ also performed strongly. For the Australian market it was a similar story. Technology, energy such as $Strike Energy Ltd (STX.AU)$, metals and real estate shot up. There's increasing expectation there could be local cuts to interest rates heading into next year.

Do you buy into markets now? First consider the results we get from US earnings season, which will begin in about two weeks. We will start to see if US companies expect to benefit from the rate cut. If expectations are met "we could see higher share price valuations" says Amir. And expect volatility if we don't meet those expectations.

https://youtu.be/-lnTvXSLmgE?si=FIZP0o-nzpBhMtWk

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