Pre-Market Report – US PPI Hotter-Than-Expected

Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for a second consecutive day. The S&P 500 dropped 0.27%, NASDAQ fell 0.30%, the Dow Jones lost 138 points (-0.35%), breaking its three-day winning streak, and the Russell 2000 underperformed compared to the broader market. February saw a higher-than-anticipated rise in…

Marcus Take Friday – Lots of Central Bank Action coming up – Market teetering

High PPI numbers see bond yields higher again. Fed Meeting next week – messaging will be “No rate cuts yet” and “No rush”. RBA Meeting next week – Same same – No rush. Some cracks in Big Tech as Nvidia froth blows off and Adobe down 10% after hours. Five EV stocks down more than 80% in 3 years and one going bankrupt. Did Macquarie call the top on banks? Resources popped for a day but back in downtrend today. Lots of lithium newsflow – good and bad. Mostly bad.

Trading Section

SUMMARY 109 stocks overbought (weekly) in the All Ords. Only 23 oversold. No change to LLC, sold BOE yesterday. ANZ and WBC print daily sell signals after the banks fall over yesterday. FMG will be on the radar for the next One Stock Portfolio buy opportunity. GOR resumes its uptrend along with the rest of…