Greg’s interview with New Zealand Herald’s Madison Reidy published this morning. See link to article below to access the video. https://www.nzherald.co.nz/business/all-the-trump-trades-bitcoin-big-tech-banks-and-bets/HRVXKUFSYVAXNHQXGMMFLQ2TIQ/   All the Trump trades: Bitcoin, big tech, banks and bets

With the US share market closed for Thanksgiving it is a good opportunity to reflect on the returns of the $S&P 500(.SPX)$ month and year to date and exam what may lie ahead. 2022 has been a difficult year for stocks with the $S&P 500(.SPX)$ falling 27.5% from its January intraday high of 4,818 to an intraday low of 3,491 in mid-October.From this October low the market has rallied 15.6% to 4,034 on Wednesday.So, will this bear market rally succeed where others (January, March, May and June) have failed this year?  Time will tell!Mid Term Election EffectWhat we do know is that historically stocks tend to sell off in the two quarters ahead of midterm elections an

$S&P 500(.SPX)$ $NASDAQ(.IXIC)$The US share market began today’s trading session down more than 2.4% after the Bureau of Labor Statistics announced that the consumer price index increased 0.4% for the month, higher than expectations. On a 12-month basis, headline inflation was up 8.2%, but off its peak of just over 9% in June. However, the increase in the core inflation rate over the past year climbed to a new peak of 6.6% from 6.3%, marking the biggest gain in 40 years according to Greg Boland, CEO of Tiger Brokers NZ. Fed fund futures now predict a 95% probability of a 75-point

(The story is written by Jonathan Mitchell on Fri, 23 Sep 2022 at https://www.nbr.co.nz/) The Kiwi dollar is expected to experience further downside pressures as investors retreat to safety, as the US Federal Reserve hikes interest rates, as well as fears of a global recession.The New Zealand dollar touched a 2.5-year low against its US counterpart this week at 58c, after the Fed hiked again by an expected 75 basis points.It also put the Kiwi under pressure with the Australian dollar, below 88c.Tiger Brokers chief executive Greg Boland told NBR there was a further chance of the Fed raising rates by another 75bp in November.He said the Kiwi was feeling the heat from aggressive monetary policies around the world, as well as weaker commodity prices

This presentation is given by Greg Boland, who is Chief Executive Officer and an authorised representative of Tiger Fintech (NZ) Limited.This is not an offer to deal in any financial product. The information given in this presentation must not be reproduced, distributed or disclosed to any third party.This information may contain general advice, which has been prepared without considering an individual investor’s objectives, financial situation or needs. Before making any decision about the information provided, you must consider the appropriateness of the information having regard to yourobjectives, financial situation and needs, and consult your financial adviser. Investment in financial products involves risk. The past performance of financial products is not a reliable indicator of fut

My weekly commentaryThe Trump TradeAt the close of US equities trading this morning many of the Trump trade stocks had begun to give back some of the huge price gains they have made in the past week since Donald Trump became President elect. The Crypto and Banking sectors jumped as many believe Trump will ease regulation for both sectors.Coinbase had more than doubled in price in the past week before giving some back some of the gains today. Leading banking stocks were also slightly higher today with Dow components $JPMorgan Chase(JPM)$ and $Goldman Sachs(GS)$ up 9.5% and 15% respectively since last Tuesday.Trump supporter Elon Musk’s Tesla also jumped as Tariffs on Chinese made EV’s imports to the US may be

Cult of personality – the trader vs the investorBy Greg BolandAre you a trader or an investor? A trader sounds a little more rebellious and given the short term, higher risk nature of their investment behaviour they usually are.An investor on the other hand is more focussed on long-term prospects.If new research from Finder is anything to go by then New Zealand is a nation of investors. And a fair number of you may rate yourselves as traders.The research found 56% of New Zealanders – that’s more than 2 million – were investing their money, ranging from buying property through to trading shares. More interestingly, almost two fifths (38%) have shares, making it the most common form of investment.And it’s not just NZX shares being traded. A growing number of Kiwis are trading globally becaus

“Tariff Limbo, Profit Palooza: 112 S&P 500 Reports Set to Define H2 2025”It is not easy to summarise the big market movements since the launch of President Trump v2 on 20 January, but with a half-year of data available we can now start to pick out some patterns. According to Forbes, Trump has flip-flopped on tariffs 28 times since Liberation Day. Wall Street has given him the derisive nickname of “Taco Trump” – standing for “Trump always chickens out” – and it may be that the sheer amount of to-ing and fro-ing has given companies and markets time to price in the effects of tariffs and dulled the shock somewhat. The latest promised date of tariff imposition is Friday 1 August, the same day the likes of $Chevron(CVX)$ and

Greg Boland is chief strategy officer for Tiger Brokers New Zealand.ANALYSIS: The on-again-off-again tariff saga continues, with President Trump extending the pause on his sweeping reciprocal tariffs – originally set to start on July 9 – to August 1. This gives countries more time to finalise trade deals with the United States. However, “tariff letters” have been sent to about 14 countries, including Japan, South Korea, Malaysia, Laos, Myanmar, and others, warning of new duties ranging from 25% to 40%. Prime Minister Ishiba of Japan has reaffirmed his country’s commitment to ongoing negotiations, describing the tariff move as “extremely regrettable” but emphasising that the announced rate is lower than the previously threatened 30% to 35% - leaving room for talks before the August deadline

Hello Tigers,This is my latest opinion piece on the impact of the US elections on the markets published on the New Zealand Herald today. Hope it helps you more on the understanding of current market.New Zealand Herald Link>>KEY FACTS:The US presidential election is on November 5 and advance voting has started.Candidates Kamala Harris and Donald Trump have some different visions of the government’s role, on taxes, and fixing America’s cost of living.Harris questioned Trump’s mental state today after the 78-year-old Republican’s latest televised town hall rally veered into an impromptu music

BLOOMBERG VIA GETTY IMAGESWe cannot know yet whether we are looking at another dotcom bubble, says Greg Boland.Greg Boland is chief strategy officer for Tiger Fintech.ANALYSIS: “To AI or not to AI?” Type this into Google and you are bombarded about the ethical dilemma that AI presents. I typed the same question into ChatGPT and it responded with:That’s the Shakespearean question for the 21st century. If you mean “Should we use AI?” — the answer depends on context:To AI — if you want to scale tasks, discover patterns in huge data, automate the repetitive, or explore creative frontiers.Not to AI — if the stakes involve deep ethics, sensitive human judgement, irreplaceable human connection, or high-risk decision-making where errors have severe consequences.It’s less about “yes” or “no” and mo

Greg Boland is chief strategy officer at Tiger Brokers.ANALYSIS: The rotation out of the popular AI stocks amid tariff uncertainty cost the US equity market more than US$3 trillion in market value in March, with the S&P 500 closing down 5.75%. Nearly US$2 trillion of this loss was attributable to the Magnificent 7 alone, and in the first quarter of the financial year, the 7 lost over US$2.3 trillion (albeit after a gain of US$1.9 trillion in the last two months of 2024).Overall, the $S&P 500(.SPX)$ fell 4.6%, while the $NASDAQ(.IXIC)$ fell 8.3% in what was the worst quarter since the last quarter of 2022.The market will now digest President Trump’s reciprocal tariffs, which take effect immediatel

2024 S&P500 up 23% with Mag 7 up 67% but other 493 stocks up 8.1% = concentration risk.  Thoughts for 2025?

The S&P 500 $S&P 500(.SPX)$ rallied to a new all-time intraday high of 6480 in early trading before finishing today’s session at a record closing high of 6467 up 0.3%.  The tech heavy NASDAQ $NASDAQ(.IXIC)$ closed with a modest gain of 0.1%.  The DJIA gained just over 1% while the Russell 2000 outperformed closing nearly 2% higher signalling a broad market rally with a rotation away from Tech into the lagging blue chip (DOW $Dow Jones(.DJI)$ ) and small cap stocks (Russell 2000 $iShares Russell 2000 ETF(IWM)$ ).  The Russell jumped 3% in the previous session and this was the best 2-day rally in sma

US Stock MarketThe $S&P 500(.SPX)$ rose 0.3% this morning to close at 6264 after reaching an all-time high of 6302 earlier in yesterday’s session.  Trump’s purported murmurings about Fed Chair Powell’s future halfway through today’s session sent the market lower while bank earnings and inflation woes weighed on the benchmark index yesterday.  But the market rallied into the close today as Trump denied the Powell sacking rumour.  The independence of the Federal Reserve is a key component of the US market and any speculation of Trump changing this sends shivers down the spin of market participants. The big news for the week was the $NVIDIA(NVDA)$ CEO Jensen Huang stating that it hope