Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB’s Heather Du Plessis-Alan about the extent to which a lift in NZ consumer confidence should be celebrated. He also recaps why the latest inflation numbers in the US have driven the Dow to a record high, and why Chinese markets have enjoyed their best week in over a decade with officials delivering on calls for significant stimulus initiatives. For...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the Dow hitting a new record high, and why chipmaker Intel was in demand. He also discusses the implications of a sharp fall in FedEx after the economic bellwether downgraded its revenue outlook. In central bank land he looks at the tricky balancing act for the Bank of Japan which has kept rates at the highest level since 2008....

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what drove the best week for US markets this year, and what the Fed is likely to do this week. He also discusses why weak data in China has boosted calls for much bigger stimulus there. Back home he looks at the reasons to be positive around the NZ manufacturing sector, despite it having been in contraction for 18 consecutive m...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why markets sold off in the wake of Friday’s US job numbers. He also discusses whether investors should be concerned about AI-related companies after a big chip name came up short on sales guidance. Across the Atlantic he looks at the good news on UK house prices but the bad news on European economic growth. For more market ins...

Devon Funds Head of Retail Greg Smith talk’s to ZB’s Mike Hosking about what to make of the softer-than expected read on the Fed’s favourite inflation gauge. He navigates the takeaways from Fletchers’ partial solution for the leaky pipe issues in Western Australia, and also discusses whether the big rise in building consents in July is a one-off. For more market insights and our terms and conditio...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why investors reacted so positively to Fed Chair Powell’s speech at the annual central bank get together at Jackson Hole. Back home he looks at what drove a 10% surge in Fisher & Paykel Healthcare. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the best week for US markets this year, with more good news on Friday. He also discusses what caused Rocket Lab shares to take off as well as the glimmer of positivity in the latest print on the kiwi manufacturing sector, which has been in contraction for 17 months. For more market insights and our terms and conditions, visit w...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about a great result from Skellerup, with international strength making up for a weaker domestic picture. He also looks at a string of positive releases in the global consumer space, including a better-than-expected US retail sales print and strong results from Walmart. He also discusses the biggest M&A deal this year, with Mars...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why the RBNZ should be applauded for cutting rates to get ahead of a protracted downturn. He also discusses why the Fed will be following suit soon, and the Bank of England will be going again, following inflation prints in the US and UK. Closer to home he looks at a knockout result and record dividend payout from CBA, the bigg...

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking some less than ideal news on the net migration front with numbers cooling, while the “brain drain” is continuing at a record pace. Tourism is also losing steam, but the pastures are becoming slightly less greener over the Tasman with wage growth easing. He also looks at why investors reacted positively to Home Depot’s results i...

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking the results from JB Hi-Fi which have driven the shares to a record, and reveal a contrasting performance on each side of the Tasman. He also looks at the contrasting fortunes of New Zealand and Australia’s vehicle markets. In addition, Greg covers the implications of huge AI demand for Taiwan, which is home to the world’s large...

Devon Funds Head of Retail Greg Smith talks with ZB’s Mike Hosking about what happened in the US markets on Friday, including a big jump in the shares of travel booking platform Expedia. He also looks at the drivers of Newscorp’s sale of its majority stake in pay-tv provider Foxtel across the Tasman. On the inflation front, he consider whether there is any cause for concern with the latest numbers...

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking whether a rate cut might be on the table next week given a fall in the inflation expectations across the board in the RBNZ’s latest survey. He also looks at the surge in earnings at the biggest pharmaceutical company in the US, driven by the weight loss drugs, and the latest challenges facing eco-friendly shoe-maker Allbirds. F...

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking whether a softer-than-expected quarterly unemployment print has ruled out a rate cut by the RBNZ next week. He also covers off results from Disney whose streaming numbers made for good viewing but less so at its theme parks business. The end of the experiences and travel boom also appears to be evident in a weaker than expected...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about what has driven the rebound from Monday's big global market sell-off. He also outlines why the Reserve Bank of Australia won't be cutting rates any time soon. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why some context should be taken from the market sell-off following disappointing US jobs numbers. He also outlines why there was a huge fall in Intel shares and weakness in Amazon, while Apple edged up, following their respective results. Back home with The Warehouse takeover offer falling at the first hurdle, he suggests ther...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why markets have responded positively to the latest US inflation numbers. He also discusses why Post-It Notes maker 3M has seen its biggest share price rise in more than half a century. Back home he looks at the silver lining for kiwi consumers from the recent confidence survey. For more market insights and our terms and condit...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the impact and takeaways from the biggest IT outage in history following a bungled software update from cyber security firm Crowdstrike. He also discusses the reaction to results from Netflix which showed that the streaming giant’s initiatives around password sharing and an ad supported tier are proving highly successful. For m...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the latest troubles at Sky City Entertainment. He also discusses the implications of a hot jobs print in Australia, as well as strong results from Volvo which has seen an acceleration in sales of electrified cars. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith gives his views to Mike Hosking on the lower-than-expected inflation print in NZ and why the RBNZ might cut rates in the coming months as a result. He also discusses an encouraging inflation print in the UK and why investors are continuing to rotate out of chip stocks, including Nvidia. For more market insights and our terms and conditions, visit www.devonfund...

Devon Funds Head of Retail Greg Smith speaks to ZB’s Mike Hosking about results from a couple of the big US banks, and discusses what has caused the Dow to surge to a fresh record high. With the odds increasing of Donald Trump returning to the White House, he considers what this means for certain corners of the market, and whether there are other factors driving sentiment at the moment. For more m...

Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about the widespread weakness across the NZ economy, evident in prints on the retail and manufacturing sectors. There are however some positives to grasp. Offshore he discusses the rotation that potentially appears to be playing out in the US markets, with inflation falling, and a Fed rate cut now getting much nearer. For more market ins...

Devon Funds Head of Retail Greg Smith talks to ZB’s Andrew Dickens about why Friday’s US jobs numbers drove the S&P500 and Nasdaq to new record highs. He also discusses what has driven the turnaround in Tesla, which until recently has been the ugly duckling of the “Magnificent 7” technology companies. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest inflation numbers in the US, with the Fed’s preferred inflation gauge hitting the lowest level since March 2021. Up for discussion as well are what sparked the biggest fall in Nike’s share price in over three decades. He also looks at the likely implications of China’s factory activity contracting for the second stra...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why interest rates look set to rise further in Australia following the latest inflation print. He also explains why FedEx’s share price has had the biggest one day rise since 1986. Also up for discussion is the logic for a potential US$5b investment by Volkswagen into an EV start-up. For more market insights and our terms and c...