In the Media

ASX To Rise, But the US Bear Bites As S&P 500 Records Worst Six Months to Start a Calendar Year In 52 Years

Proactive Investors New - 04 Jul. 22

Wealth Within founder and chief analyst Dale Gillham gives us his outlook on what to expect from the market. “The Australian stock market started last week up nearly 3% in the first two days, however, these gains were wiped out in the following two days, which highlights how volatile our market is at present. After experiencing six straight days of rises, it is not unexpected to see the market fall for a few days and is nothing to worry about. That said, if the market was bullish, these down days would not be as severe as what we have just experienced, which may be a warning sign. As I have stated previously, on numerous occasions, it is too early to tell if the All Ordinaries Index had stopped falling and the past two days has only added weight to this...

AI Beats Humans at Investing, Says Jaaims Chief Tui Eruera. But Not Everyone Agrees

Daily Telegraph - 16 Jun. 22

There are contrary views about AI trading. Dale Gillham, chief analyst of retail investor training firm Wealth Within, said the market wasn't as mechanical and mathematical as people made out. "A lot of people are interested in trading apps or artificial intelligence or algorithms because they don't have to do anything and they  hope to make money, but what I constantly see is people that use them essentially, after a period of time, they come and tell me they've lost money out of them or they've caused issues when the markets are not doing what's expected." Gillham said automated trading systems were great for generating brokerage fees. "It's more about the app making money than the person using the app making money...

Fringe Financial Players Have Been “Absolutely Smoked’’ in the Share Market Correction

Herald Sun - 14 Jun. 22

Dale Gillham, chief analyst of financial services company Wealth Within, said Australian tech stocks had already copped a battering over the past year even before they got smashed on Tuesday. "By mid-May, the Australian tech sector had effectively fallen back to pre-Covid levels and taken with it the hopes of many investors who had jumped into technology stocks following the Covid crash," he said...

Here's What Happened to Shares the Last Time the RBA Raised Rates

Money Magazine - 10 Jun. 22

Speaking to Money Magazine, Dale Gillham, chief analyst at Wealth Within, said "There is an old saying that the stock market rises in stairs and falls in elevators and prior to this week the All Ordinaries Index was certainly rising in stairs, however, the RBA's announcement of a 0.5% rate rise on Tuesday changed all that. The market has fallen around 2.5% since the RBA announcement until the close on Thursday and is now looking weak. Given the prospect of further interest rate rises, investors are now questioning how the Australian stock market will react moving forward and whether it will continue to fall away or turn and start to rise once again. To understand where the Australian stock market may be heading, it pays to look at previous periods where interest rates have risen...

Finder's RBA Survey: 86% of experts Forecast Rate Hike

Finder.com.au - 06 Jun. 22

As soaring cost of living continues to squeeze household budgets, both homeowners and renters are in for little relief, according to a new Finder poll. In this month’s Finder RBA Cash Rate Survey, 28 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. Most panellists (86%, 24/28) believe the cash rate will change on Tuesday, while 28% (8/28) believe there will be at least two cash rate increases before the end of the year. Dale Gillham, chief analyst at Wealth Within was featured as one of the contributing experts to the RBA survey of Finder.com.au. He believes a rate hike could have negative consequences for mortgage affordability. "They are just helping more people who can't afford a property to get into debt and this will only increase prices," Gillham said. "With rates having just risen and signs the property market is coming off, I think the RBA might play a wait and see game for a few months...