SUMMARY Markets down for a second day instead of bouncing as usual. Getting a bit ominous but not enough to scare us out of Strategy holdings yet. Bond yields up again, strong retail sales reinforce the “no rate cuts this year narrative”. Geopolitical tensions are short term but not helping. Well positioned for a small…
Markets moving as forecast. Fat and Happy then ……
A look at gold miners. PRU?
Fed speakers to the max this week. Kite Flying?
Wall Street kicked off the week sharply lower, ending near worst levels as tech stocks dragged and bond yields jumped after hot retail sales and rising geopolitical tensions between Iran and Israel. The Dow fell 248 points (-0.65%). Up 404 points at best and down 325 points at worst. S&P 500 erased earlier gains and…
ASX 200 falls hard by 140 points to 7613 (-1.8%) on Middle East tensions, US sell-off and Chinese data. Banks got sliced and diced, with CBA down 2.1% and the Big Bank Basket down to $199.47 (2.1%). MQG off 1.2%, and Insurers falling despite yields rising. REITs came under renewed pressure, with GMG down 2.0%…
SUMMARY SNAS set to go in the green. Will raise its stop loss after the close (as it hits a new recent high). BPT slowly heading higher. Increasing stop loss slightly. Oil down overnight. KAR behaving better. NST opened lower but buyers came in to mitigate the damage. Same can’t be said for BGL. SFR…
The ASX 200 has dropped 36 points to 7753 (0.5%) on US falls. Banks eased back led lower by CBA down 1.4% with the Big Bank Basket down to $203.73 (0.8%). Insurers fell away as did MQG off 0.8% and GQG off 4.2%. REITs fell too, GMG down 0.8% and SGP off 0.9%. Industrials with a light…
