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We are so lucky to live here…

•By Jody Fewster
  • US consumer prices rose 3.1% in the year through January cooling less than had been expected.
  • The S&P 500 was above 5,000 for the first time on Monday putting it into “nosebleed territory” but has since come off after that hotter than expected inflation figure, which has clouded rate cut expectations.
  • There are 1.4 jobs available for every unemployed person in the US – being the strongest labour market since the 1960’s.
  • As expected, the RBA kept our rates on hold last Tuesday. I’m not forecasting a cut any time soon.
  • The Aussie Dollar is still languishing at US .652c. Whilst there is consensus for the Aussie dollar to rise to US$ .74c by the end of 2025, it’s challenged by shifting politics and geopolitical tensions.
  • S&P ASX/200 has been down this week off CSL’s reporting of a failed drug test. It’s a big week for company earnings reports. Today the market is down due to a weak lead from Wall Street – at 7547 as I type.
  • It is interesting that “more than half of humanity is heading to the ballot box in 2024 – the most in human history” –  the US in November but also India (now the most populous nation in the world) as well as Russia, the UK, Indonesia and the European parliament.
  • Less interesting but sad is that Putin has raised the age of conscription to 70 years. It has nothing to do with property but gives pause for thought on just how lucky we are to live in Australia.
  • As owners of property, you are very fortunate the supply-demand imbalance hasn’t changed. So call me for a thoroughly personalised plan to get you sold this summer.
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