We recently sat down with Michael McCarthy, CEO of Moomoo Australia, to unpack the recent volatility in global markets and the sharp moves in the Aussie dollar.
Michael’s seen it all — from Black Monday in 1987 to the GFC and beyond. His take? This isn’t the end of the world, but it’s a real crisis. The recent drop in the Australian dollar to 60 cents wasn’t random. According to Michael, it’s only happened three other times this century — all during major market meltdowns.
Michael expects to see more interest rate cuts this year, which we’re watching closely given our focus on the property market.
There’s a lot more in this episode — especially for investors trying to make sense of where things go next. Whether you’re trading or sitting on the sidelines, this is a conversation worth listening to.
Peter Esho is an economist and Founder of Flexdoc. He has 20 years of experience in investments and markets.