SUMMARY Risk on sentiment returns, the see-saw market continues. PLS benefitting today. BPT clings on yesterday and up 1.6% today. Oil flat overnight. Talk of OPEC extending production cuts if demand fails to pick up. ILU does well yesterday. No change. Up 2.4% today. Bond yields rise but gold drops. Looking for the next trade…
I have been writing the Marcus Today newsletter for over twenty years and read something called "Farrell's Rules" over thirty years ago. There is an article about "Farrell's Ten Rules" below which you might find interesting, but as I read them, I realise they are a bit old, and I'm sure we can do better.…
What to do with BLD?
Strategy – It’s the earnings stupid!
Lunch Ideas. BB1, CYP and IMU
4DS – Ai
The Big Data Centre winner?
It’s the Data stupid! No rate change for a while!
Sold all the AZS.
Uranium on a charge-DYL in focus.
BHP plays the long game.
Fed Predictable – Dovish if anything. Still got our finger on the trigger but haven’t pulled it yet. NAB Results look OK – share buyback increased. Dividend flat. US market popped and dropped. Bit weird. Apple tonight, Macquarie tomorrow. RBA Tuesday. What’s next after Big Tech results. Into the void. Education Corner – Corrections are Great! And what to do about them.
SUMMARY Strong sell-off yesterday. Trading is a balance of probabilities and currently we are going against the tide. Tempted to cut all trades and watch from the sidelines until normal service resumes. Holding for now, ready to pull the trigger. Uranium the only sector going up. BOE and PDN rising 4% and 5% yesterday. Gold…
Wall Street closed mixed overnight after the Fed held rates unchanged, as expected. The policy statement held no big surprises but noted a lack of progress towards the 2% inflation goal in recent months. Powell’s conference speech was less hawkish than anticipated. He noted that the next meeting is unlikely to be a rate hike and…
ASX 200 rallies 17 points to 7587 (+0.2%) as banks take heart from NAB result and new $1.5bn buyback. NAB up 1.5% and the Big Bank Basket up to $203.54 (+1.0%). MQG rallying 1.2% ahead of its results tomorrow, with NWL also doing well up 2.0%. Insurers eased back. REITs slightly better with GMG up…
