SMALL CAP PORTFOLIO SUMMARY Gold continues to head higher. Is everyone bullish? Happy holder of GMD and DEG. For now. Investment Committee meeting at Ausbiz. Yesterday's The Call with Kochie. My Advent Calendar stock pick for 2024. Nailed it with JHX last year. Highly controversial one this year. AM Announcements ORG has rejected Plan B.…
OECD saying Australian rates have peaked.
Oil up overnight but OPEC meeting could go either way.
Resources need a catalyst to bounce. Chinese PMI data out today could start it.
US Inflation tomorrow.
TECHNICAL SUMMARY
S&P 500 overbought on a daily basis.
COH overbought as healthcare kicks back into life.
KAR oversold on a daily basis.
SQ2 overbought after a stunning run.
ASX 200 down 5 – struggling for momentum despite a better vibe for Australian bonds after yesterday’s CPI number
The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded. Technology was the stand-out, gaining all day on hopes the RBA will halt rate rises next year. WTC, XRO and NXT up 2%, 2.9% and 1.4%. Discretionary spending, REITs and Gold sectors also rallied in a similar vein. WES, JBH,…
SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of commodity markets if no one hedges! Stock of the Day – XAM Best non-trade of the year award goes to…… Vote early, Vote often in the Equity Mates Awards. Ausbiz – The Call today at Noon. ASA Xmas – Lunch…
Wall Street edged higher with nominal gains in a narrow range, losing momentum as the session progressed. Treasuries extended their November rally, and the dollar fell on further speculation the Fed is done with rate hikes and will likely ease rates next year. The Dow advanced 84 points (+0.24%). Dow up 185 points at best.…
Market behaves itself for another night. A check on Growth vs Income. Will keep an eye on inflation numbers. In Sydney this week.
