Shane Oliver is investment strategist at AMP Capital with some Monday thoughts on the NFP, share markets, Aussie house markets, and more:
Stocks:
- Valuations are ok, global growth is expected to improve into the second half of the year, monetary and fiscal policy has become more supportive of markets and the trade war is receding
- should support decent gains for share markets through 2019 as a whole
Nonfarm payroll data (Friday)
- a Goldilocks jobs report
- Goldilocks remains alive & well in the US with March payrolls … Fed can remain on hold
On the IMF report into the Australian economy (post here: IMF says Australia's housing market contraction leaving economy in a "delicate situation")
- IMF playing catch up!
Yes on the IMF …