Resources bouncing for the second day – everything depends on the CPI number tonight – the risk seems to be on the downside but we’ve said that a few times and been wrong. So we just have to wait and see.
ASX 200 kicks another 24 points higher to 7849 (+0.3%) as resources took centre stage. Iron ore stocks back in demand on China hopes, BHP up 0.7% with FMG up 1.9%. Lithium stocks also doing well on a price bounce in Asian trade, PLS up 1.3%, MIN up 0.5%, with LRS up 14.3%. Gold miners missed out…
SUMMARY S&P 500 hovers at record highs. Short term EMA is flat lining. Adding Beach Energy (BPT) for a post negative announcement recovery. Staying in cash in the MQG One Stock Portfolio. See Marcus Take for more. NASDAQ up again slightly. No change to SNAS. SFR enjoyed a morning spike before closing near flat. No change.…
Waiting for Godot – the CPI number tonight. A new AI ETF lands in Australia. Iron ore up again. Macquarie and the US investment bank results. Buying a trade in an oversold energy stock. Education Corner – Investors versus Traders.
ASX 200 kicks another 35 points to 7824 as buyers continue in resource stocks. BHP finding friends on iron ore recovery, up 2.0%, and RIO doing well up 3.0%. Lithium stocks also recovering nicely following a 5% rise in Tesla. MIN up 1.0%, and PLS rallying 1.6%. Gold miners mixed despite bullion kicking higher again, NEM easing…
US equities kicked off the week essentially unchanged following a choppy day of trade, with the solar eclipse offering a distraction leading into a busy week including CPI and the start of first-quarter earnings. All three major indices ended near flat, the Dow closed down 11 points (-0.03%). Up 109 points at best, down 46…
SUMMARY Gold takes a breather, watching for the top in NST and BGL. No sign of it yet. With the market sell off not following through (yet) the decision to exit JMS and SQ2 looking a bit hasty. Not much damage in SNAS yesterday. Holding. Adding SFR for some copper exposure. Is far from the…
Market kicks again led by resources after an iron ore price bounce yesterday – lots of signposts this week – US CPI, US PPI, FOMC Minutes, US Results and an ECB Meeting
