Share Crazy
Mondaay 22nd January 2024
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The S&P hit its first high since January 2022 on Friday, driven largely by the major tech stocks. Phil asks whether there\u2019s just too much exuberance? NAB\u2019s Tapas Strickland says it\u2019s an important week for tech earnings this week, including Netflix, Tesla and IBM. US positivity was also reflected in the Michigan consumer sentiment survey, which came in much higher than expectations. The UK and Europe are on a very different trajectory, with a significant fall in retail sales in December possibly leading the economy into a recession. This week Athony Albanese is expected to announce further stimulus measures to ease the cost-of-living crisis which could delay the speed of rate cuts by the RBA. The detail is expected to be ironed out before his National Press Club address on Thursday.
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