"Visa (V) is the one to watch with their reporting. I noticed a...

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Ewebute

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24/04/24

16:55

Post #: 73502332
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Originally posted by Ewebute: ↑

I had noticed the Oz financials starting to tip lower recently while materials sector started to push up. IO IMO was pushed up artificially and therefore likely to drop again with a reversal on this recent materials push. I'm noticing other items such as aluminium and copper starting to run out of steam too.

Oz will likely follow the US markets and therefore start to drop. I see the US financial sector already tipping, and most of the M7 now showing weakness (AMZN and GOOG starting to tip, MSFT getting weak, and are the final majors - AAPL had a big attempted push with an AI announcement but seems unlikely to have a sustained effect).

Visa (V) is the one to watch with their reporting. I noticed a big drop from around the 22nd March which I think is someone letting an increasing delinquency rate be known to their friends. This would have a massive impact on financials overall and provide evidence that the consumer is not strong more so than what is being reported officially.

As such the general move should be lower but irrational markets might still have some pumps (but with money starting to dry up, the big players need to exit soon and therefore I see a likely dump associated with that).

O&G along with gold showing signs of weakening but could be some profit taking before the next push especially as conflict within the ME escalating. We might see this starting to move in the futures market for this week's reopen shortly. If the USDAUD gains further strength, that will be good for those producers in Oz for both areas with a double whammy. US O&G have been moving higher whereas Oz markets have been lagging which means a potential opportunity for a recovery rise and catch up IMO. Do your own research in that area.

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"Visa (V) is the one to watch with their reporting. I noticed a big drop from around the 22nd March which I think is someone letting an increasing delinquency rate be known to their friends. This would have a massive impact on financials overall and provide evidence that the consumer is not strong more so than what is being reported officially."

@gve Visa hasn't published their official SEC filings as yet. Therefore need to wait to see what their delinquencies are and see if these are in-line with Discovery.

The after-hours might change once that additional information has been provided. At present, it appears there is strong growth from the reports I have read but some of the segments did show negative.

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