5 ASX Stocks To Own in a Higher Rate, Higher Volatility Market

The Australian market is dealing with two forces at once. The first is a renewed inflation shock from energy, driven by the war in the Middle East and disruptions across oil and gas markets. The second is a domestic economy that is still holding up better than many expected, even after the RBA lifted the cash rate to 4.1% in March. Australia’s GDP strengthened in the December quarter, inflation was running at 3.8% before the latest oil shock, and February jobs data showed employment growth was still solid even as unemployment ticked up to 4.3%.

That. . .