Members Podcast on Monday – No follow through
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.
End of Day Report Friday
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…
End of Day Podcast on Monday – Another intraday rally
ASX up 8 points having been down 46 – another session of constant buying from the lows. Iron ore a weak spot.
Members Podcast
All the Members Podcasts from Last week
Marcus Weekend – Cash is King Again
After the 109-point bounce off the lows in our market on Friday, I expected to wake up to find Wall Street did something similar. Wasn’t to be. Looks like the buying in our market yesterday was simply some fund manager on Friday deciding to buy a few hundred million dollars worth of resources. For Friday's…
Pre-Market Report Thursday
Dow Jones down 370 points or 1.08%, closing near the low and down 2.38% for the week. S&P down 1.64% and the NASDAQ worst down 1.82%. Global risk-off sentiment continued as the Bank of England followed the US and other central banks in holding rates while making clear signals that rates will remain as high…
Pre-market Podcast Friday – Not a good look
SPI Futures down 97 following a 98 point drop in the ASX 200 yesterday. The “High for Long” mantra is being adopted globally with obvious consequences for equities.
Marcus Take Friday – Hard Yakka making money
The “New Hawkishness” goes global. Slow leak turns into a puncture. A few other signs of that we’re going nowhere. The seasonal chart says come back in December. Selling BHP as well. If you’re ever going buy BBUS and SNAS now’s the time.
Members Podcast Friday – Waiting for the signs
We have halved our losses this morning from down 105 to down 51. We are in cash again in the Strategy, Ideas, MQG and BHP portfolios. Waiting for the bottom. Could be tomorrow. Could be a year away.
End of Day Report Friday
The ASX 200 finished the week up 4 points to 7069 (+0.1%), clawing back earlier losses after falling over 100 points (~1.5%) at the opening bell and snapping a four-day losing streak. SPI Futures were down 97 points this morning. ASX 200 fell for a second consecutive week, down 2.89%. Sectors were mixed. Real Estate and Tech were hit hardest, while…