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Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why markets sold off in the wake of Friday’s US job numbers. He also discusses whether investors should be concerned about AI-related companies after a big chip name came up short on sales guidance. Across the Atlantic he looks at the good news on UK house prices but the bad news on European economic growth.

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

An interest piece written by Greg Smith, Head of Distribution at Devon Funds.

Devon Funds Head of Retail Greg Smith talk’s to ZB’s Mike Hosking about what to make of a softer-than expected read on the Fed’s favourite inflation gauge. He navigates the takeaways from Fletchers’ partial solution for the leaky pipe issues in Western Australia, and also discusses whether the big rise in building consents in July is a one-off.

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

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why investors reacted so positively to Fed Chair Powell’s speech at the annual central bank get together at Jackson Hole. Back home he looks at what drove a 10% surge in Fisher & Paykel Healthcare.

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

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the best week for US markets this year, with more good news on Friday. He also discusses what caused Rocket Lab shares to take off as well as the glimmer of positivity in the latest print on the kiwi manufacturing sector, which has been in contraction for 17 months.

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

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about a great result from Skellerup, with international strength making up for a weaker domestic picture. He also looks at a string of positive releases in the global consumer space, including a better-than-expected US retail sales print and strong results from Walmart. He also discusses the biggest M&A deal this year, with Mars buying Cornflakes maker Kellanova for US$36b.

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why the RBNZ should be applauded for cutting rates to get ahead of a protracted downturn. He also discusses why the Fed will be following suit soon, and the Bank of England will be going again, following inflation prints in the US and UK. Closer to home he looks at a knockout result and record dividend payout from CBA, the biggest bank in Australia.

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

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking some less than ideal news on the net migration front with numbers cooling, while the “brain drain” is continuing at a record pace. Tourism is also losing steam, but the pastures are becoming slightly less greener over the Tasman with wage growth easing. He also looks at why investors reacted positively to Home Depot’s results in the US, with the DIY giant beating estimates but lowering the outlook.

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking the results from JB Hi-Fi which have driven the shares to a record, and reveal a contrasting performance on each side of the Tasman. He also looks at the contrasting fortunes of New Zealand and Australia’s vehicle markets. In addition, Greg covers the implications of huge AI demand for Taiwan, which is home to the world’s largest manufacturer of super advanced semiconductor chips.

Devon Funds Head of Retail Greg Smith talks with ZB’s Mike Hosking about what happened in the US markets on Friday, including a big jump in the shares of travel booking platform Expedia. He also looks at the drivers of Newscorp’s sale of its majority stake in pay-tv provider Foxtel across the Tasman. On the inflation front, he consider whether there is any cause for concern with the latest numbers in Germany and China.