US, Australian sharemarkets are hitting new record highs. Aussie investors are expecting rate cuts now unemployment is rising here. And in the US, general economic data is strong, encouraging investors into riskier stocks. Commodities are also stronger, including iron ore, oil and silver. Block rose more than 5% on the ASX yesterday, continuing its strong recovery since May.
Stocks mentioned include Block, Broadcom, Microsoft, Netflix, Nvida, PepsiCo
