Spark Your Fire (OZ Property/Crypto/Shares & Macro)

News coverage with Jas and David!

July 4, 2020

News update with Jas and David!
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1. Ray Dalio, founder of Bridgewater Associations, has challenged the current state of capitalism, saying that "capital markets are not free markets". Continuing that "today the economy and the markets are driven by the central banks and the coordination with the central government."

2. The value of Australia's All Tech sector has overtaken oil, gas and coal companies, largely driven by the rise of Afterpay and buy now, pay later stocks like Xero. The S&P/ASX All Technology Index has rallied about 90 per cent from its March 23 lows.

3. The United States has reported over 55,000 new coronavirus cases in the past day.

4. The lowest fixed rate home loan in Australian history is being offered by Tasmanian bank Bank of Us.
They're offering 1.99 per cent fixed for one to three years, for owner-occupiers paying principal and interest repayments with a deposit of 10 per cent or more.

Some links/charts -
Roy-Morgan-unemployment-660x484.png

 

Image

https://cointelegraph.com/news/amazon-ceo-bezos-now-has-more-money-than-bitcoins-market-cap

https://www.afr.com/property/residential/one-in-10-off-the-plan-apartment-sales-collapse-20200630-p557iw

 

Contact - 

sparkyourfirepodcast@gmail.com

jsidana@financeboutique.com.au

david@lendpower.com.au

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