Tuesday morning
December 6, 2022
Hello everyone
It’s the Mad Hedge Trader’s & Investor’s Summit – 6,7 and 8 December 2022. Grab a cup of coffee, pen, and paper and take a seat and listen to professionals giving their best advice on how to trade the markets. Just one piece of advice can make all the difference. Lots of prizes are to be won as well.
The Bear market isn’t over. Goldman Sachs, along with many other analysts are predicting further falls for the market. The Fed’s announcement on December 14 could be the next major catalyst in the movement of the market. Goldman is forecasting a half-point hike followed by three quarter-point hikes next year. Fed funds futures are saying we will get another two percentage points of tightening by March. If we get any more than that equities may well tumble on the heavier discount of future cash flows alone. By July next year markets predict they will be cutting rates.
As things start to bite in the economy theft is becoming a major problem with many stores. To counter this some stores are locking up products behind grills to stop people from walking out with them. Formula for babies is one such product along with washing powder. Walmart CEO, Doug McMillon said theft may even lead to store closures and price hikes.
The Trump Organisation has been convicted of tax fraud, falsifying business records, and conspiracy after a trial in New York City. The Trump Organisation faces fines of up to $1.6 million at sentencing.
The cost of living is seeing many Aussies turn to food banks and charities. Fruit, vegetables, and frozen meat are in high demand at the Salvation Army Centre in Sydney’s Parramatta on ‘Market Day’, which is held every Wednesday. Many of the people using charities have jobs, but the interest rate rises and general cost of living increases see families struggling to pay for everyday essential items. A family with a typical $500,000 mortgage is paying almost $840 a month more in interest. The rate rises have put added upward pressure on rental costs as landlords seek to offset the additional costs.
How can you help?
Give to the Salvation Army Christmas Appeal.
Or
Give to the Smith Family.
Have mid-week.
Cheers,
Jacque
"Always forgive your enemies; nothing annoys them so much." - Oscar Wilde
