Maqro

"A euphoric time for the market"! Catch up on Joshua Barker's Ausbiz appearance on The Open last week - discussing another record result for the S&P500, along with some strong retailers and our hedging strategies in this environment. Watch full discussion: https://lnkd.in/g3_FDt8Q

Catch Maqro Senior Client Dealer, Rocco Panzarino on the COB ausbiz. Rocco discusses the headwinds prevalent in the Chinese economy at the moment such as poor consumer sentiment, declining property prices as well as a declining share market. He also explores the geopolitical tensions and the impact that is having on global indexes, commodities and government policy. Watch full discussion: https://lnkd.in/gsC5YibC *General Advice Only

Weekly ASX Wrap "ASX Dips as Miners release Quarterlies" By Rocco Panzarino | Associate Private Clients Dealer The ASX closed last week week 1.03% lower as Iron Ore heavyweights BHP & Rio Tinto weighed on the market after releasing their quarterly reports. BHP exceeded expectations with their Ore outputs although flagged concerns over their Nickel operations. BHP signed an agreement back in 2021 to supply Tesla with nickel, but they are currently reviewing their operations amid an oversupply of the metal used in electric vehicle batteries which has seen nickel prices drop more than 45% over the past year. The energy sector flourished last week as we had oil outputs slashed in half in the U.S due to extreme weather conditions coupled with rising tensions in the Red Sea. This stemmed from Houthi rebel attacks in addition to U.S & U.K retaliations. Whitehaven Coal climbed to an 11-month high of $8.11, reaching an intra-day high of $8.38. Yancoal is also worth noting finishing up 3.56% for the week. The Tech sector had another strong finish as the Nasdaq rose on optimism about AI advancements, despite bond yields rising. Xero closed up 5.71%, Wisetech up 2.42% and Audinate up 0.98%. The Nasdaq, S&P500 and Dow Jones all closed at all-time-highs on Friday’s session. Read full wrap: https://lnkd.in/grRtRJ4V Daily market updates: https://lnkd.in/gU29hKcd *General Advice Only

Merry Christmas from Maqro to all our valued partners, clients, family and supporters. We wish all of you a meaningful end of year holiday and look forward to seeing you all again in the New Year. 2024, here we come!

Markets are catching up to our view | Ausbiz Joshua Barker, Head of Maqro Wealth, predicts sustained strength in US markets, highlighting five consecutive days of gains and the Dow index reaching all-time highs despite slightly higher than expected inflation. To Joshua, the Fed's reaffirmation of at least three scheduled rate cuts in 2024 marks a promising outlook for equity markets, simultaneously avoiding a recession and managing inflation. However, he notes that Australia's market tells a different story, suggesting the nation is about six months behind the US when it comes to inflation figures and subsequent economic responses. Watch full discussion: https://lnkd.in/gQMSsM5q

It was our pleasure to share a wonderful evening at the Doltone House for the Annual Maqro Dinner 2023. Thank you to all those who joined us in reflecting back on the year, sharing your unique experiences with our team, family, friends, clients, partners and industry leaders. A special mention to Mary's House Services and Parents Beyond Breakup for sharing your causes and allowing us an an opportunity to give back to the community. We look forward to seeing you all at our next event!

Joshua Barker, Head of Maqro Wealth, joins Ausbiz to highlight the contrasting interest rate environments experienced by investors, with the Reserve Bank of Australia (RBA) poised to raise rates around February or March, while US rates could see a reduction from June. He notes that following the Federal Reserve's more aggressive response to inflation, disparities between the two major markets are likely to become increasingly evident in the coming year. Watch to hear his views on new ETF listings and notable holdings showing a track record of outperforming the market. Lastly, we say farewell to the Mo! https://lnkd.in/gPGPx4WS

Will Simes discusses stock specifics and gives his 'buy, hold and sell' stocks on Ausbiz. Will considers Perpetual Income Trust (PCI) as a worthwhile investment due to its strong rally in markets. He sees it as an appealing alternative asset owing to its diversified portfolio comprising credit, fixed income assets and other instruments. With a running yield of about 8.2%, which significantly outperforms its target – the RBA cash rate +3.25%, it serves to both reduce portfolio beta and provides a steady income source. Watch the full discussion: https://lnkd.in/g96xHK2e

The materials sector was the biggest weight on the index last Wednesday, ending down 1% with angst over the latest batch of data from China and nervousness about global growth weighing. Catch up on the full discussion with Associate Private Client Dealer, Rocco Panzarino: https://lnkd.in/gVQmdqpS Follow Rocco on Ausbiz: https://lnkd.in/g5b8jQ6M