News
Economic Commentary: Mar 26
The first quarter of the year has been highly volatile but ultimately finished positively for investors.
The volatility has been caused by a range of factors – a rotation away from the highly valued US technology sector, ongoing geopolitical issues, and currency movements. Locally, our economy finally seems to be turning the corner after what has been a prolonged and damaging recession. Inflation still remains higher than target, however, and this is causing some headaches for the Reserve Bank. However, the entire market environment has been thrown into uncertainty again following the war in the Middle East, which commenced at the end of February. From an investor’s perspective, the biggest issue is the threat to the global supply of oil, which has pushed up the price to over US$100 per barrel at the time of writing. The longer the supply issues remain, the greater the potential impact on the global economy.
Summer Newsletter: Nov 25
From Stephen's Desk
I know we say it every year, but it really is hard to believe that we’re only weeks away from Christmas. It has been a slightly strange year with plenty happening and lots of drama, but I can’t help feeling that life is still a bit like being on a treadmill – walking fast but not really making a lot of progress!