Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
ASX 200 limped 7 points lower at 7696 (-0.1%) after a positive start gave way to some apathy ahead of the Fed. Banks were firm with CBA up 0.5% and the Big Bank Basket slightly lower at $204.43 (-0.2%). GQG had a good day up 6.2%, with insurers better in places. REITs mixed, SCG up…
Fat and Happy at Easter?
Resources taking it in turns.Oil and gas?
Central bank week. What will we learn?
Young people have sussed it.
SUMMARY No change to LLC. TNE hits a 52–week high. Held in the Growth Portfolio. MQG can’t break back through resistance. Staying in cash. BHP and resources have a strong bounce. FMG prints a daily buy signal. Not buying yet. MAQ falls from overbought levels. Uptrend holding for now. OBSERVATIONS No change to LLC. TNE…
Wall Street closed higher overnight, driven by mega-cap growth stocks, which led a rebound in the Nasdaq after three consecutive days of losses. The Dow Jones advanced 76 points (+0.20%). Up 184 points at best. The S&P 500 rose 0.63%, NASDAQ gained 0.82%, while small caps Russell 2000 underperformed, down 0.72%. Google gained 4.4% on…
Bond yields rise again. Big Tech yet to crack. Big week of Central Bank meetings. RBA and BoJ today. Chinese economic data better than expected. Iron ore up 4%.
Macquarie target price on FMG 42% below the current share price. The difference between forecasts and backcasts. The truth about broker research in the resources sector. AI smarter than humans within a year (depending on which human you compare it to). Elon Musk on prescription ketamine – obviously works.
RBA Meeting today – all a bit quiet. Big week for Central Banks
Bank of Japan today will be the big one and Nvidia Keynote speech.
Two copper stocks doing well. More to come too, I suspect.
