Aussie Stocks Hit the Bargain Bin

Today marks the beginning of the most important week for the ASX this year. Last week we left the market near the […]
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Mr Market got another punch on the nose overnight. The Dow Jones closed down 2.93%. The Aussie market should be off the boil today.
It hasn’t been a fun week at all.
The market was in ‘wait’ mode prior to the interest rate announcement from the US Federal Reserve.
The post Gold Is Glittering for Aussie Punters appeared first on Daily Reckoning Australia.

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The Federal Reserve, under new chairman Jerome ‘Jay’ Powell, raised the federal funds target rate 25 basis points overnight. It was Powell’s first significant move as the new chairman of the Federal Reserve.
Let me first give my opinion of Jay Powell before weighing on the implications of today’s decision.
The post The Significance of the Overnight Fed Rate Hike appeared first on Daily Reckoning Australia.

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Wibble wobble.
Hear that? That’s the sound of the US market adjusting to the idea of higher interest rates much sooner than it thought.
Normally the Federal Open Market Committee (FOMC) monetary policy meeting is a two-day affair.
The post The Fed Just Increased Rates on Aussie Mortgages… appeared first on Daily Reckoning Australia.

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Last week, we documented our mistrust of cryptocurrencies.
Far from being a grassroots movement, we posed that an elite cabal tied to banking was behind the push to legitimise cryptos.
This week, our attention turns to what this cabal might have in store next.
The post The Phoenix: A One World Currency Built on Blockchain appeared first on Daily Reckoning Australia.

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