Market Update 06/12
What a rubbish market. There’s not much else I can say. But it’s just been a rubbish market.
Earnings season done. Will post on it later. But if credit growth is negative/flat, well that doesn’t bode well for the rest of the year, and unless parliament approves a lot of stimuli, this country’s consumer/economy is going to be absolutely dog$hit in the 1H24. And perhaps this is the case for the majority of economies globally, a population locked down, most (as a % of total global population) didn’t receive a handout, have higher debt, an SME extinction event and now the economies are going to be even more reliant on government spending.
Christoph
What a Disappointing Market…while Dow, Nasdaq or even the Export related German Dax are not to far ATHs ..
MSCI EM also a Mess for Years …it never worked to put completely different Economy’s like ( for example) China or Brasil in one Basket..
For Thai Stocks it seems like Thailand’s full Bet on China was not the best Decision…
Pon
Can only comment on the US markets – they’re driven by a few names. believe the median US stock is -38% this year.