Poking the bear
Just as Australian investors turned somewhat optimistic, Macquarie Capital has joined the growing chorus of market doomsayers.
Is Donald Trump really willing to let equity markets go through the painful detox period some in his administration think is necessary? Or will he blink if things get really rough?
That is what investors must ask themselves as a growing number of market warning signals flash red.
The ASX posted its second straight gain on Monday following Friday night’s rebound on Wall Street. But the reverberations from last week’s rout — where the local and US benchmarks both slipped into correction territory and the century old Dow Theory indicator became a talking point — are still being felt.
On Monday, analysts from Macquarie Capital joined the pile-on, with their “FOMO meter” turning negative for the first time since 2023, suggesting investors no longer have a fear of missing out on gains but instead a fear of losing money.
