Did Joe & Xi make progress, world markets watched Australia for a day, crypto crash hits 30,000 Aussies and more!

My lesson today is this: no matter what market you’re investing in, buy quality and you’ll cry only once!

No punishment yet for Medibank officials, good news out of China, Aussie dollar spikes to 67 cents and more!

Good news out of the US should be a positive sign for us too, showing that the inflation genie could be getting under control. This is good for interest rate control and stock market positivity.

US elections, takeovers, cyber security, and bitcoin dominated the news this week as the bulls stuck a tentative toe into the market.

With recession talk on the tip of the tongues of those at groovy economic gatherings, is this just party chatter or something we should be taking seriously?

EU worried about Biden, buyers worried about 20-30% house price falls, two big ‘economic’ events for stocks this week and more!

Claire Aitchison of Independent Investment Research provides comprehensive research coverage and commentary for listed managed investments. Here is the latest update.

Since the start of October, Westpac had rallied almost 17% making it the best performing major bank over this period. So on the basis of the old axiom “buy the rumour, sell the fact”, it was no surprise to see it fall today by around 3% when it delivered an “as expected” full year financial result.

Overnight European share markets opened down, still spooked by what the Fed will do next to defeat inflation as American spending remains sticky and employment numbers defy predictions of a looming recession.

Last night I interviewed Michael Knox, my go-to man on the Aussie dollar. I wanted his take on our currency because I want to invest my money and my financial planning clients’ money in the eventual rebound of the US stock market.

Dr Phil has to raise rates but the pressure is on him to get it right.