@bhbeaver its a valid point and could certainly be the case. My take is that the US Federal reserve has never got it right. over 90%+ of recessions are caused by tightening of monetary policy. It is such a hard thing to do. Raising rates is all about slowing down the economy. Nearly in all cases they have tightened too much. Check out the below graph. Nearly every single recession (shaded bits) are preceded by the interest rates going up.
The problem is the guys working at the Fed are all academics. They are using models that are measuring some lagging indicators so they also raise too much.
That's why I like NXT. It has a well managed company, support by a good growth thematic (Cloud) and also has the macro factors behind it. It is going to be a rough next few months but a great stock to own over the next 1-2+ years.
@bhbeaver its a valid point and could certainly be the case. My...
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Last
$14.49 |
Change
0.420(2.99%) |
Mkt cap ! $9.279B | |||
| Open | High | Low | Value | Volume |
| $14.23 | $14.59 | $14.18 | $34.84M | 2.412M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12952 | $14.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.58 | 392 | 2 |
View Market Depth
| Last trade - 16.18pm 24/06/2025 (20 minute delay) ? |
| NXT (ASX) Chart |