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Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about the widespread weakness across the NZ economy, evident in prints on the retail and manufacturing sectors. There are however some positives to grasp. Offshore he discusses the rotation that potentially appears to be playing out in the US markets, with inflation falling, and a Fed rate cut now getting much nearer.

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

Devon Funds Head of Retail Greg Smith talks to ZB’s Andrew Dickens about why Friday’s US jobs numbers drove the S&P500 and Nasdaq to new record highs. He also discusses what has driven the turnaround in Tesla, which until recently has been the ugly duckling of the “Magnificent 7” technology companies.

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.

June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular. It was another month of milestones. The S&P500 (+3.6%) made a new record high, as did the Nasdaq (+6%). Nvidia powered on, surpassing US$3 trillion in market cap, and becoming for a brief period the most valuable company in the world. Microsoft and Apple both though quickly regained their spots, again driven by AI themes. 

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest inflation numbers in the US, with the Fed’s preferred inflation gauge hitting the lowest level since March 2021. Up for discussion as well are what sparked the biggest fall in Nike’s share price in over three decades. He also looks at the likely implications of China’s factory activity contracting for the second straight month.

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 interest rates look set to rise further in Australia following the latest inflation print. He also explains why FedEx’s share price has had the biggest one day rise since 1986. Also up for discussion is the logic for a potential US$5b investment by Volkswagen into an EV start-up.

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 recent volatility in AI darling Nvidia and whether it is a blip or the end of a bubble. He also discusses the investor party over-weight loss drugs in the US and Europe. Back home he looks at the good news flowing from Meridian’s Investor day with more solar and wind on its way at a cheaper price.

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 good news on kiwi food prices, with inflation seeing its smallest annual increase since September 2018. He also discusses why Taylor Swift may potentially push out the timeline for a rate cut by the Bank of England. He also discusses another strong report from the US tech sector, with photoshop maker Adobe soaring on its results.

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 talks to ZB’s Mike Hosking about the knockout jobs numbers print in the US and how this complicates the picture for the Fed. He also discusses whether there is any substance to the recent revival of interest in meme stocks such as Gamestop.

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

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the similarities and the differences between recent consumer confidence prints in New Zealand and the US. He also discusses the latest big name to put the throttle down on investments in Artificial Intelligence.

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