Author - Sequoia Direct

Analysts still bullish despite recession fears: Aus shares to open higher

04 Jul 2022 - Accelerated monetary policy tightening has doubled recession odds, says Morgan Stanley this week, noting that most economic models now suggest that the probability of a recession during the next 12 months has doubled to over 50 per cent. Ironically since the Fed’s June rate hike, the S&P 500 has risen around 3 per cent with analysts still predicting double-digit earnings growth for the rest of the year.

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IPO market hit by market volatility, Bitcoin losses continue

01 Jul 2022 - In the IPO market rising interest rates, increased regulatory scrutiny and the stock market’s worst first half in 50 years are squeezing the IPO. market in a way that hasn’t happened since the financial crisis. Six months into 2022, initial public offerings are at their slowest pace since 2009, according to data from Dealogic.

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US consumers about to be hit hard

30 Jun 2022 - While housing does not account for a huge amount of economic output, it is a boom-bust industry that has historically played an outsize role in downturns. The sector runs on credit and the highest mortgage rates since 2008 will start to bite across consumer spending as new home purchases are often followed by new furniture, new appliances and new electronics – its seems US consumers are about to be hit with the double whammy of...

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