And with no sign that the spectacular stock movements are over – Facebook’s staggering 26 per cent fall delivered another gut-punch to tech investors on Thursday night – there’s plenty of reason to worry about the spillover into Australian markets.The pain for WAM Capital started before January’s sell-off.
Oberg says it’s a credible result, particularly as WAM Capital does not invest in resources stocks, which are a major part of both benchmarks and have pushed higher in line with commodity prices. Oberg argues many of the reopening stocks WAM Capital remains exposed to should deliver earnings that aren’t as bad as the market fears in the next few weeks.And given these stocks have already been aggressively sold off in the last three or four months, whatever profit pain these companies have experienced from omicron should largely already be in the price.
And with the omicron wave starting to look like it has crested, the reopening period that was supposed to happen late last year should now get under way as consumers deploy their huge reserves of savings. While this wave of spending will add to inflationary pressures, it should also lift earnings.
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Meta stocks nosedive as Zuckerberg faces $34 billion drop in personal worthStock in Meta – formerly Facebook – dropped more than 20 per cent in after-hours trading following a disappointing fourth-quarter earnings result. For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her corinne_florenc Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇 He wouldn't even know he had it
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