Wall Street advanced overnight, with the S&P 500 achieving a record closing high, driven by gains in tech and growth stocks. The Dow rose by 0.34%, the S&P 500 by 1.03%, the NASDAQ by 1.51%, and the Russell 2000 by 0.81%. Powell's remarks before a US Senate committee were largely uneventful, removing a lingering uncertainty.…
AI after-burners are on. Now we’re getting frothy. But don’t sell anything yet. Record highs here today. Powell pacifies – ECB concurs. Aussie 10 year bond yield under 4%. Rate cut hope will soon be a reality and its blowing the equity markets along. Some Lithium shorts covered last week. Iron ore the new target. BHP and RIO ex-dividend. US jobs numbers tonight.
SUMMARY Markets continue higher looking unstoppable, until it all ends of course. We have gotten MQG wrong this time by staying in cash. BHP we made the right decision cashing out in January. Is down 6% since selling. LLC having a solid day yesterday. BOE mulling about with the rest of the uranium sector. WEB…
Powell is a nothing burger!
ZIP in focus. UBS upgrades.
Sold GMD yesterday. Added LTM. LPI gone.
The Lucky Shag it is for Perth Meeting.
Talking ZIP, ABB and two stocks to watch SXE and GNP
Plenty of chatter on Ai too and tech stocks locally.
SUMMARY Bull run not over yet. Markets head higher again. Cash in MQG for now. Iron Ore drifts lower. No change to BHP. BOE and LLC not coming to life yet. Few tech sell signals around. Short term only with the NASDAQ up overnight. MFG forming a nice uptrend after jumping 7.9% yesterday. CTT breaks…
SUMMARY Powell behaved. Bond yields liked it. Relax. The NASDAQ steadied. Tuesday's sell-off didn't develop then. Record highs on US, Australian and European equities, Gold and Bitcoin – Normal? The Anatomy of a Crash. Lessons from 1987. Yesterday's Australian GDP number – anaemic growth means rate cuts are coming. The ex-dividends keep coming. BHP and…
Wall Street closed higher overnight as economic indicators and statements from Federal Reserve Chair Jerome Powell bolstered expectations of a forthcoming rate cut. The Dow rose by 0.20%, the S&P 500 by 0.51%, the NASDAQ by 0.58%, and the Russell 2000 by 0.70%, though they ended slightly below their peak levels. Powell affirmed the Fed's…
