Gemma Dale

speaker

283 appearances 1 recordings 1 series first heard Aug 2024 last heard Aug 2024

Gemma Dale’s voice in public audio — every appearance, attributed to the second.

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NAB Morning Call · Weekend Edition: Australian Equities Doing Nicely Thankyou · 30 Aug 2024 podcast

You can buy US, UK, Germany, and Hong Kong.

Uh 90 plus percent of it is US.

There's a very strong preference for US markets.

It was Apple way out in front pre-COVID, just dramatically bigger than anything else.

Then it was Tesla, dramatically bigger than anything else.

And I'm sure I've told you this before.

At one point, our holdings in Tesla were bigger than Rio.

They were the 11th largest holding on the platform, which

when you consider some of the Australian stocks that were beat out of that kind of number was just incredible, but has drifted away somewhat.

And then NVIDIA, right?

But a good part of the holding in NVIDIA has been just incredible share price appreciation, right?

So people have done incredibly well out of it if they've bought it, even in the last month.

Uh, it's such an extraordinary question.

So there's a strong hypothesis the reason the banks are holding up so well is just institutional buyers from offshore, right?

It's not Aussie retail buying that.

Uh and they're just taking advantage more than anything else.

It's a really tricky question to answer.

There is very good evidence that your first rate cut, everyone feels great, but the rest of the rate cuts come because the market has, sorry, the economy has fallen off a cliff, right?

And if you get very aggressive rate cuts, it's because everything is terrible.

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