Kapiti Financial Advice Limited – KiwiSaver and Investment
Following a strong start to the year, global share markets drifted lower in February, on US policy uncertainty and the fading of the AI euphoria that drove US share markets higher in 2024. US policy uncertainty means the outlook for share markets is mixed. Despite recent weak data, the US economy remains resilient, corporate earnings … Read more
Better than expected US inflation data, the ongoing resilience of the US economy and solid corporate earnings results provided support for the US market in January. This was despite uncertainty regarding the impact of Chinese AI startup DeepSeek and President Trump’s plans to apply tariffs on imports. Providing support for the outlook, the Fed has … Read more
Today’s Quarterly Survey of Business Opinion release has provided the first opportunity to gauge the sentiment of economists towards the present easing cycle in the wake of a challenging environment – uncertainty over the pace of easing in the US following signs of a resilient US labour market, the dilemma posed by President-elect Donald Trump’s … Read more
November was another strong month for sharemarkets which set aside geopolitical events (the ongoing war in Ukraine and the escalation of conflict in the Middle East) in favour of a settled election outcome in the US and the prospect that inflation is easing. The US sharemarket has focused on Trump’s business friendly policies of lower … Read more
The Global equity market had a strong month in November. US markets were bolstered by the election result and the prospect of tax cuts and deregulation. Central banks globally continued to lower rates. The Reserve Bank of New Zealand continued their interest-rate cutting cycle, reducing the Official Cash Rate from 4.75% to 4.25%. The NZ … Read more
The Reserve Bank have lowered the Official Cash Rate by 50 basis points today as expected. A lot of this was already priced-in by the wholesale markets, as the Reserve Bank observed in their accompanying Monetary Policy Statement. They noted that short-term wholesale rates have fallen since the August Statement, but long-term rates have increased. … Read more
A small correction in global share markets in October followed a dramatic rise in longer-term US interest rates. Global bond yields moved higher on better-than-expected US economic data and a focus on the growing size of America’s national debt. Stronger than forecast US economic data was one of the reasons why US longer-term interest rates … Read more
The global central bank interest rate easing cycle gathered pace over September, resulting in a continuation of strong returns from fixed income and global share markets. Key themes were: Global equity markets gained late in the month on lower interest rates. During September the US S&P 500 index hit its 42nd record high for the … Read more
The global central bank interest rate easing cycle gathered pace over September, resulting in a continuation of strong returns from fixed income and global share markets. Key themes were: Global equity markets gained late in the month on lower interest rates. During September the US S&P 500 index hit its 42nd record high for the … Read more
In this month’s Investment Update, Generate’s Nathan Field takes 5 minutes to share his insights following a trip to the US. He also discusses the Chinese sharemarket and whether Generate invests in China. The key takeaways are: In the Tech sector every company he saw continues to lean into AI. There is still a lot … Read more