Media

The early promise of November played out in earnest as stock markets had their best month in a long time and in some cases years. The US led from the front with the S&P500 and Nasdaq enjoying the best month since July 2022, gaining 8.7% and 10.7% respectively.

Devon Head of Retail Greg Smith talks to Mike Hosking about the biggest monthly rally in global stock markets in several years and whether it can continue. He also discusses whether Tesla’s cybertruck lives up to all the hype, and some positive aspects of recent manufacturing figures out of the US, the UK and China.

To listen to the full market update by Greg Smith please click here.

Devon Head of Retail Greg Smith talks to Mike Hosking about the very strong start to the holiday shopping season globally with Black Friday sales hitting a record. Back home kiwi shoppers are more cautious, which was confirmed by a decline in September quarter retail sales. Also up for discussion are improvements in UK consumer confidence and German business morale.

To listen to the full market update by Greg Smith please click here.

Devon Head of Retail Greg Smith talks to Mike Hosking about what drove a massive jump in Gap’s shares after the retailer’s result. He also discusses some good news in Europe where inflation is below 3% for the first time in more than two years. AI and ChatGPT are also in the headlines again, with the sensational sacking of OpenAI co-founder Sam Altman as CEO. The question is now whether he will do “a Steve Jobs” and come back even stronger?

To listen to the full market update by Greg Smith please click here.

Devon Head of Retail Greg Smith talks to Mike Hosking about the corporate ‘cyber bullies’ causing issues in the US and Australia, along with the latest developments in the weight loss drug space. Back home he looks at the implications of a somewhat downbeat print for the NZ manufacturing sector.

To listen to the full market update by Greg Smith please click here.

Devon Head of Retail Greg Smith talks to Mike Hosking about the positive investor reaction to Mainfreight’s results despite a big fall in revenues and profits. He also reviews results from Disney, with the theme parks and Disney+ clear highlights. Also on the discussion table are numbers from NAB, which showed a big contribution from the BNZ which recorded a record annual profit.

To listen to the full market update by Greg Smith please click here.

Devon Head of Retail Greg Smith talks to Mike Hosking about a flurry of announcements from the US gaming sector. Closer to home, he also discusses a surge in James Hardie's share price. He also touches on a fall in business inflation expectations in New Zealand.

To listen to the full market update by Greg Smith please click here.

By Greg Smith, Head of Retail at Devon Funds

After a challenging few months, stock markets have started November brightly. With inflation getting under control, many central banks cooling their jets, and bond yields easing, are equity markets in for a strong end to 2023?

Sharesies talk to Devon Funds Head of Retail Greg Smith about the influence of the tech titans or Magnificent Seven such as Amazon, Alphabet, Meta and Microsoft and if these provide an economic barometer.

Please click here to watch the full video and read more.