The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Market Strategist
Summary: Asian and Australian markets follow US lower as the Fed hints interest rates hikes could come quicker and faster. US tech stocks crumble, taking selling in tech and profitless stocks to a 10 year high. Pathology companies fall from record highs as the Australian Fed Gov says Aussies can take rapid antigen tests over PCR. Pfizer’s booster is approved and its share look ripe for a rally. Plus, why lithium, EVs and oil stocks are revving up.
Firstly - what you need to know now and consider
Secondly, watch companies with Australian analyst rating changes
Thirdly, watch companies in the news
Markets - The numbers