SUMMARY Government bodies expressing Chinese economic concerns – bit odd. Iron ore tops out – Wouldn’t be buying resources. Higher for Longer means lower for longer. The Six Traits of the Retiree investor. Lithium down. Cobalt is going nowhere until 2027. Lithium down again. Rare Earths supply doubles in China. Inflation hurdles this week. MARCUS STRATEGY No…
A lot of oversold stocks – a Buy signal on Telstra – sell signals on US markets
Getting hard to make money as the market trends lower for longer in the face of bond yields doing the opposite. ASX 200 down 28 at Midday. Resources, Tech and REITs on the nose as bond yields rise.
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…
Market closes down 38. Can’t win a trick.
SPI Futures down 18. Lets see if Friday’s Australian bounce follows through today or whether it was a one day wonder. My guess is that it was a one day wonder.
Dow Jones down 107 points on Friday in a narrow range. Wall Street was up 86 at best and down 123 at worst, closing near its lows. S&P 500 down 0.3%. The NASDAQ down 0.09% where it was up almost 1% for most of the morning trade before losing all gains in the afternoon. US 10 and 2 year bond…
Sell signals on Big Tech – has the only trade in town been Terminated? Today we find out if that 109 point bounce in the ASX 200 on Friday was a turning point or just one good day in a downtrend. Will the Resources buying follow through today? Will the Lihtium stock bounce carry on?
The buying in our market on Friday hasn’t followed through today. Sell signals on the US markets. We are in cash in all our active portfolios.
The ASX 200 kicked off the week on a positive note, up 8 points, recovering all of the morning losses and finishing at 7077 (+0.1%). Major sectors finished mixed today. Tech stocks were the star performers, buoyed by lower bond yields and an uptick in NASDAQ futures. WTC up 1.6%, XRO gained 2.0%, while SQ2 lost 1.8% down for its seventh consecutive session. All-Tech Index up 1.2%. A…
