Nervous Nellies
Strong risk-off sentiment overnight, with big falls inequities. NAB’s Gavin Friend reminds us that historically September is not a good month for stocks.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Wednesday 4th September 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There have been some sharp defensive market moves overnight. In currency markets safe havens have done well, whilst shares are well down, the VIX index has risen and bonds have rallied. Phil asks NAB’s Gavin Friend why all this nervousness all of a sudden? The only significant data release has been the US Manufacturing ISM which admittedly, did include rising prices and falls in new orders. Was that what spooked the markets, or is it more a fear of what’s to come, with payrolls at the end of the week? Before that, JOLTs and the Bank of Canada tonight.
Hosted on Acast. See acast.com/privacy for more information.