Shane Solly: Harbour Asset Management spokesperson explains why the US share markets have picked up

US share markets have continued to pick up recently, sparking discussion among experts.

Harbour Asset Management's Shane Solly explains the factors behind the change.

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Episode Transcript

Speaker 1 (00:00):
Heller Duper Seela Chain, Solly Harbor Asset Management is with us.

Speaker 2 (00:03):
Hey, Shane, Yeah, good, there you go.

Speaker 1 (00:06):
I'm very well, thank you mate. So we've seen a
little bit of a rally, have we in the US
share markets? What's going on here?

Speaker 2 (00:11):
Yeah, Look, on Friday we saw the US share market
close up on one percent on the day, so we've
seen quite a good rally back to where we were
in February. Some upbeat news about jobs in the US
narrowly beating expectations, a phone call between mister g mister
Trump that saw some centiment improvement, and then we've seen
mister Trump pushing the US fit reserved the cut rates again.

(00:31):
Sydney markets picking up on that. Over the weekend, we've
seen some more discussion about US China trade talks being
back on, particularly focusing on rares. Some comments just in
the last twenty four hours about from a Trump economic
advisor that they're very comfortable with a trade deal closing
with China on Monday, So we'll see what happens tomorrow.

(00:53):
New zeal on time, New Zealand market didn't really take debate.
New Zealand dollar up sort of round sixty point three
to seven against the US dollar. He's earned tenure bonds,
government bonds pretty flat four point six five, and our
shear market down point two percent, So we didn't really
follow on.

Speaker 1 (01:11):
Shane, did you take Paul Conway's comments to mean that
there would be some rate cuts coming?

Speaker 2 (01:17):
Well, the market certainly did, right, mister Conway. He said
a couple of interesting things. Firstly, he said the labor
market may be softer than the jobless market rates to douce,
so there could be about underemployment, people not working the
same now as they were. He then went on just
underlying inflation continues to ease, so those are sort of
tonally talking about maybe they could talk about more cuts.

(01:38):
So this is reserve banks speak for maybe we could
think about it. He did say we've got a long
running productivity problem, so I think that's true, but we
definitely need in the near to bit of adjection of
some more support. So you know, we did see in
this markets take a bit of a bait on that one.

Speaker 1 (01:54):
Hey, what do you make of your Brisco's replacing the warehouse?

Speaker 2 (01:59):
Yeah, Friday Night insidys fifty, the S and P indicts
fifty benchmark. This is the main benchmark mini qv server
funds follow announced that Bresco Group we were replaced the
Weehouse Group based on trading volumes and the market capitalization
of two businesses. And this will all be pushed through
on Thursday the nineteenth, that day before Mattawiki. And it
means that many funds that follow that insidacy fifty, the

(02:21):
SMP indodacy fifty benchmark, they'll need to buy shares and
Brisco and sell shoes and weare are. So today we
saw the Briskets cheer price up nine point eight percent
five dollars forty and the Warehouse Group cheer price fell
three point two percent to ninety one cents, So somebody
might have got a bargain. I'm not sure which one.

Speaker 1 (02:40):
Thanks very much, Shane, I appreciate it. Shane, Sally Harbor
Asset Management. For more from hither Duplessy Allen Drive, listen
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