Strong US earnings expectations are helping equities hold near record highs, even as bond yields rise and gold comes under pressure. Heath Moss also discusses Meta Muse, Oracle’s New Mexico data centre project and fresh US economic data.
Key Highlights
- The S&P 500 was 1-2% below record highs, while the Nasdaq Composite reached a record earlier in the week.
- US earnings growth was expected at 28% for Q3, 26% for Q4 and 15% next year.
- Meta rose 12% after the release of Meta Muse, followed by another 4-5% gain the next night.
- Oracle issued a force majeure notice linked to its New Mexico data centre project, which faces local opposition and regulatory setbacks.
- US services and manufacturing PMIs both came in above 58, while core retail sales rose 1.44% last month.
- US 10-year yields rose 20-25 basis points over the past two nights, adding pressure to gold.
About Small Caps
Small Caps covers Australian small-cap markets and companies, alongside broader market developments relevant to investors.
Disclaimer
This podcast is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Listeners should conduct their own research and consider seeking professional financial advice before making investment decisions.
#SmallCaps #ASXInvesting # #AustralianStocks #Investing #Podcast
