Pre-Market Podcast Thursday
US stocks closed lower overnight as the market digests the latest FOMC meeting minutes, trade barriers from China and oil output cuts from OPEC+.
Henry’s Take Thursday
SUMMARY Not the best timing in JLG but positive acquisitions and placement demand were strong. UPDATE – Shows this morning as the stock is virtually unchanged for now. A look at two members’ requests in IMD and ATC. Great guest for On the Couch next week. Not Cathie Wood but the next best thing. Ask…
Marcus Take Thursday
SUMMARY The Sugar hit didn’t last long. The Fed confirms its hawkishness. Taking some profits on our ideas. Let's quit whilst we're ahead. Bailing on BHP and MQG – let’s wait for some momentum. Not brave enough to try SNAS or BBUS. A STOCK TAKE on JBH – great stock, decent yield, but not a…
Members Podcast Thursday
I am taking some profits today in the IDEAS PORTFOLIO and throwing in the towel on the BHP and MQG one stock portfolios for the moment. The sugar hit from the RBA pause is well and truly over. That didn’t last long. The ASX 200 was up 33 on the day of the pause, dropped 26 yesterday and the futures are down 37 today.
Midday Report Thursday
MARKET AT MIDDAY The ASX dropped 0.9% at the market open, with all sectors in the red, led by losses in the materials sector. Mining and energy stocks declined, while consumer discretionary stocks also performed poorly. Magellan Financial Group (MFG) saw a 7.2% drop in its shares due to outflows, while Square (SQ2) rallied 4.8%. The ASX 200 is down 71 points to 7182…
End Of Day Report Thursday
Blood on the streets on ASX 200 today, closing down 90 points to 7163 (-1.2%), as investors exercised caution after the FOMC meeting minutes reaffirmed expectations that interest rates would remain higher for longer. Financials and miners weighed, with the big four banks losing between 1%-2%. The Big Bank Basket took a hit down to…
End Of Day Podcast Thursday
Blood on the streets on ASX 200 today, closingdown 90 points to 7163 (-1.2%), as investors exercised caution after the FOMC meeting minutes.
Midday Report Wednesday
MARKET AT MIDDAY The ASX 200 is down 25 points to 7254 (-0.4%), sliding lower after yesterday’s gain as the RBA held rates steady at 4.1%. Banks hit the hardest after gaining yesterday, The Big Bank Basket down 1% to $173.13. REITS gaining on the interest rate halt, GMG up 0.6% and MGR up 0.2%. Aussie bond creeping up post RBA decision. 10-Year up 3bps and 2-Year up 1bps. Dow futures down 31 points.…
Members Podcast Wednesday
Yesterday’s RBA rate pause could have been a mistake. Coming into focus now is the quarterly CPI number on July 26. Everyone seems to have forgotten the March quarter number (7%) and the June quarter number is still going to be 6% plus, which is still well above the RBA’s target.
End Of Day Report Wednesday
ASX 200 closed down 26 points to 7253 (-0.4%), letting go of yesterday’s gains, snapping a three-day advance. Financials weighed on the market, with significant losses in the banking sector. NAB -0.8% CBA -0.5%, ANZ -0.8% and WBC -0.7%. Big Bank Basket down to $173.81 (-0.6%). Resources and base metals were mixed, with commodity prices…