Baby Boomers had property. Young Australians have something better. Bond yields rising – Higher for Longer is back. Talk of no rate cuts in the US this year. Jobs numbers on Friday hold the next key. US Results season coming.
All three major US indices closed lower overnight as an increasing amount of strong economic data supported the “higher for longer” narrative. Dow Jones fell 397 points (-1%), S&P 500 fell 0.72% and the NASDAQ dropped 0.95%. New orders for Manufactured Goods rebounded more than expected and Job Openings came in line with expectations. Another…
Gold at Record highs. Who is buying?
Not all commodities are equal.
The Big Picture – What if there are no rate cuts this year?
SUMMARY Markets down. Profit taking setting in at last? Selling a few stocks. Selling SQ2, NASDAQ down and Bitcoin down over 5%. Better exit before things turn ugly. Selling LLC, fading away while the market held up. Don’t want to see what happens when the market goes down. Punching the air with gold. NST the…
US markets closed mostly lower overnight as gains in technology and energy were outweighed by rising bond yields. Dow Jones down 241 points (-0.6%), S&P 500 down 0.2%, NASDAQ up 0.1%. The US 10Y yield rose 10.9bp and the 2Y rose 7.9bp after manufacturing PMI increased to 50.3 points. The highest reading since September 2022…
The start of a new quarter, not much to report. Waiting on US Jobs Numbers on Friday. RBA Minutes today don’t add much.
