Market Wrap

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.

In this episode, we discuss the latest trends in global investment markets. We examine the S&P 500's decline of 2.47% and its connection to inflation, which came in at 0.4%, while addressing the shifts in interest rate expectations and potential recession signals such as the Mel and SAHM rules. 

In Australia, the ASX 200 saw a minor decline of 0.79%, mirroring the US market, while rising inflation is outpacing income growth. There is also an increase in metals and mining, and precious metals prices, particularly gold, as a hedge against market volatility.

It is important to level-headedness during economic uncertainty and preparing for potential recessions. So seek financial advice to navigate the current climate in this episode. Join us now!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis &  Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Discussion on changes in the US stock market

• Discussion about recession signals like the Mel Rule and SArm Rule

• Concerns about rising unemployment and potential economic downturn.

• Australian market reacting to the US market trends

• Income growth challenges in Australia 

• Anticipated increase in financial advice needs during economic uncertainty

• Strategies for households to manage rising costs and potential recession impact

• Discussion on the metals mining industry, focusing on iron ore and China's demand

• Recent market trends showing signs of concern and fluctuations in money markets

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