Overnight, the S&P 500 and NASDAQ edged lower, driven by profit-taking in chipmaker stocks. The Dow inched up 38 points (+0.10%), while the S&P 500 dipped 0.2%, and the NASDAQ fell 0.5%. PHLX Semiconductor eased 2.5% following recent strong gains, up 16.61% YTD. Treasury markets stabilised after a robust auction of 30Y bonds, contrasting with…
SUMMARY LLC kicking goals. Up 6.6%. Exiting BOE with a loss. Too volatile and the spot price has taken a dive. S&P 500 ETF IHVV hits a 52-week high. Held in the Strategy Portfolio and up 24.7% vs IVV’s 20.6%. No change to MQG, bond yields rising. Things still looking toppy. BHP hits a 52-week…
LTR funding package.
Would you be happy short PLS? Barry Believes.
A look at MQG from The Call yesterday.
Is WOW a once-in-a-decade opportunity?
Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading.
Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios.
Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.
ASX 200 slipped 16 points to 7714 (-0.2%) as banks came under pressure finally. The index bounced off the 7705, around the level of the sell-off on Monday. Banks saw big sellers as Macquarie downgraded, WBC down 3.8%, CBA off 1.1%, and ANZ falling 3.8%. The Big Bank Basket down to $204.87 (-2.1%). MQG also…
The market struggling as banks drop on the back of a Macquarie downgrade
