Provincial Wealth in Deniliquin, New South Wales | Local business

Provincial Wealth

Locality: Deniliquin, New South Wales

Phone: +61 3 5895 0100

Address: 125 End St 2710 Deniliquin, NSW, Australia

Website: http://provincialwealth.com.au

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22.01.2022 Snippet from Not So Daily Bulletin No 362 Today, January 18, the ASX finished with a drop of 52 points to finish at 6663, but we are still up for the month 1.15%. January so far has mainly been driven by Materials (BHP up 7%), Financials (WBC up 9%) and Energy (WPL up 17%). However, these areas took a breather today as signs of risk are building after rising Bond yields, technical charts and increases in VIX (fear index) suggest we might have some short term volatility in the... wake of a US transfer of power which requires more law enforcement in DC than troops in Afganistan, Iraq & Syria. Offsetting this outlook is positive Chinese economic data released today, showing the economy grew by 6% and 2.6% for 2020. The only major economy to be positive for the year. President Biden will sign several executive orders on the first couple of days and move to pass a new spending bill which will add another $1.9 trillion to the US economy. This is required in some sections as jobs growth fell last week when the market was expecting a rise. We are entering inauguration week, but it's also US earnings (profit) season, so there will be a reasonable amount of economic data to drive the market. Let's hope the political process has few interruptions, and we can get back to focus on the economy.

20.01.2022 The fear of major bank losses seems to have been averted with loan deferrals back to pre COVID levels.

15.01.2022 Snippet from Not So Daily Bulletin No 361. Today, January 13, the ASX finished with a gain of 8 points however it was a mixed picture with most sectors being down. It was a stronger Energy sector led by Woodside up 5% today that kept the market positive (see Energy sector later). Globally markets have seen a slight increase in interest rates which hasn't caused too many concerns as Central Banks are likely to want vaccinations and economic recovery before increasing interest... rates. Australia now ranks 102nd in total world cases. There are growing concerns about the upcoming BIDEN inauguration and the threat of more riots in DC and across the US. Large corporates have started cutting off donations to the Republican party after the riot on January 6. Was this just the entree to something larger? Failures in the chain of command by the security services have seen a number of high ranking officials resign. Will they fix the problems within two weeks. Time will tell as the FAR RIGHT groups still think the election was stolen. For the record, Trump court cases have failed 63 losses to 1 win (the win was minor). All the election fraud theories have been PROVEN in courts to be wrong and without basis. The civil law cases have started with Dominion Voting Machines suing lawyer Sidney Powell for $1.3bn after claiming the machines changed Trump votes for Biden.

15.01.2022 The ASX has traded in a narrow range since November. Will the upcoming reporting season break out this range? (source Coppo report).

08.01.2022 Snippet from Not So Daily Bulletin No.360 Today, January 11, the ASX finished with a drop of 61 points to finish at 6697; however, this is 15 points higher than the last Not So update as the market rallied last week. Part of the pull-back was higher US interest rates with the US 10 year Bonds increasing to 1.12% (highest level in 2 years). This is due to a) The Georgian Senate wins put the US Democrats (just) in control of the Senate. Biden has called for $2k cheques, not $...600 and this is likely to pass the Senate in the new term (post-Jan 20). b) US jobs report on Friday saw the loss of 140k job instead of the expected 80k jobs created, suggesting further stimulus that pushed up rates. The storming of the US Capital on January 6 hasn't affected investment markets yet, but IF they return on January 20 for BIDEN's inauguration, it could be interesting. While there are only 9 days to go of the Trump presidency, anything could happen as frustration continues to build.