Bi Monthly Market Update | The ASX 200 is now outperforming the S&P 500 as Australia opens up to the world… - News

The ASX 200 is now outperforming the S&P 500 as Australia opens up to the world…

Geopolitical tensions are still high with the sickening situation in Ukraine causing a humanitarian crisis that also threatens the global growth outlook.
The US Federal Reserve raised its rates by 25 basis points for the first time in 3 years to dampen inflation, now at a 40-year high.
After a hugely volatile couple of weeks on markets, the S&P ASX 200 finished up 5% in the last week at 7,341 thanks to our commodity stocks. The index is now only about 300 points from its record high in August and is now outperforming the S&P 500. Year to date the index is -1.39% compared to the S&P 500 at -6.8%.
Commodity prices are surging – Nickle +130.9%, European gas +95.4%, Wheat +40.4% and Brent Crude +4.4%. Iron Ore is at $US 143 a tonne and the Aussie dollar is up on the back of that at $US .739c.
The latest ANZ Roy Morgan survey shows consumer confidence is now at an 18-month low due to the floods and inflation fears.
Current inflation stands at 3.5% and the RBA says it could hit 4% while economists are predicting 5%. Interest rates are expected to rise as soon as June.
There are just 7,877 properties for sale in Perth (houses, land and units).
Limited supply has buyers scrambling so call me now to see who I have as a perfect match for your home.

Authored by Jody Fewster

Please call 0414 688 988 if I can provide you with a current market appraisal and detailed marketing plan for your home or investment property.

Bi Monthly Market Update | The ASX 200 is now outperforming the S&P 500 as Australia opens up to the world…