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 will be discussing what has been happening with financial markets. We start off by examining the current state of the US economy, noting mixed data but a strong job market. There is increasing confidence among economists that a soft landing is possible to avoid a recession. Moreover, there is a downward trajectory in wages and rents in America, potentially signaling that interest rates are starting to peak. We will also circle around the growth expectations of the Chinese market as well as how all of this will relate back to things domestically in Australia.
Don't miss out on this opportunity to stay informed and make informed decisions. Listen now to gain a deeper understanding of the market and its potential impact on your financial outlook.
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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
Mixed data coming out of the US
The commentary surrounding rate rises
S&P 500 for the month of June
Wages and rents
The chinese economy
RBA keeps rates on hold
Current state of Australian markets
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