Episode 10: To Cut or Not to Cut?
This week’s “Bulls vs Bears” summary:
Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.
Stock Highlights of the Week:
- Paladin Energy (PDN): Shares up 9.4%, with uranium prices rebounding.
- Boral (BLD): Advised shareholders to reject Seven Group’s buyout offer.
- Maas Group Holdings (MGH): Expanded its quarry portfolio in a $70 million deal.
- Fisher & Paykel Healthcare (FPH): Uplifted FY2024 earnings guidance.
MPC Webinar Series:
- Upcoming topics include value trade, the energy transition, and AI investments.
Commodities and FX Review:
- Highlights include lithium’s volatility, gold reaching record highs, copper’s supply-driven surge, and Bitcoin’s rally.
Economic and Political Landscape:
- Japan ends negative interest rates, marking a significant policy shift.
- Australia’s unemployment rate unexpectedly drops to 3.7% in February.
Trade of the Week:
- DroneShield (DRO) showcases potential for growth with a strong focus on defense sector investments.