A question now being asked by many economists is ‘Are we in a stock market bubble?' This commentary attached from the asset manager Fidelity “Have we found ourselves in a stock market bubble?” provides a well-balanced analysis to this question with a comment that “We are a long way off that today.”.
The attached article – ChatGPT from Betashares – provides an insight into the rapid changes that are occurring with AI and the related risks. In the view of Satya Nadella, the CEO of Microsoft, Artificial Intelligence AI will have a greater impact upon our lives than the Internet!
Following the Optus debacle, the move to a cashless society may be looked at more carefully.
Cash may no longer be king, but it is still necessary.
Meanwhile, amidst the political and financial market volatility, one subject of interest is the role of commodities.
Reprinted with permission.
I include an interesting article about the five forces which are defining the global equity cycle by Scott Berg, from T Rowe Price Insight. Reprinted with permission.
The pause in the Reserve Bank of Australia’s (RBA’s) rate-hiking cycle was short-lived.
Having interrupted a string of 10 consecutive hikes at its April meeting to “assess the state of the economy and the outlook,” the RBA has just raised its cash rate by 25 basis points this week. The rate is now 4.10%, an 11-year high.
This commentary from Capital Group is a reminder that we have been here before.
This commentary from VanEck about China's potential effect on investments in 2023
Can we expect share markets to level out?
This commentary from Tom Dyson, investment director at Bonner Private Research, confirms the Fed’s aggressive approach but asks the question: ‘Could Jerome Powell be bluffing’.