ABC Newcastle Mornings – the impact of global events on the market
Yesterday, I joined Paul Turton on ABC Newcastle Mornings to unpack the recent developments in the Middle East and their implications for global markets, with a specific focus on stock performance and oil prices.
In the current context, despite the heightened tensions between Israel and Iran, equity markets have shown resilience. Historically, markets tend to react more to uncertainty rather than the conflict itself – with stocks declining in anticipation of geopolitical events and rebounding when the situation becomes clearer.
We have seen investors shifting toward so-called ‘safe havens’ like gold and bitcoin amid fading confidence in the U.S. dollar. This trend reflects declining faith in U.S. fiscal policy.
We also touched on the implications for Australia should the price of oil change drastically.
Tune in from 36:45 – 45:48 to hear the full conversation.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
He is also author of best-selling investment guide-book for the stock market, Value.able – how to value the best stocks and buy them for less than they are worth.
Roger appears regularly on television and radio, and in the press, including ABC radio and TV, The Australian and Ausbiz. View upcoming media appearances.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
