ASX 200 falls another 57 points to 6842 (0.8%) as resources weighed on sentiment. The big iron ore miners under pressure, BHP off 2.4% with RIO falling 2.4% and FMG off 2.7%. Lithium stocks well and truly on the nose with PLS sinking another 7.3% as AKE fell 3.0% and MIN down 5.2%. Gold stocks eased too as bullion came off the bo
Not the best week – introducing the Investor Colours. What colour are you?
This weeks members podcast all in one place.
DIARY NEXT WEEK The main events coming up are Corporate, not economic. The AGM season in Australia continues along with a few earnings updates. The US Results season continues – Calendar HERE. Next week sees some of the behemoths report: Microsoft, Alphabet, General Electric, Boeing, Apple, Amazon and Meta. Our biggest release will be inflation data on Wednesday morning. Expected numbers are for a drop from 6%…
Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield hit 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst. The S&P 500 notched its third straight loss, down 0.85%, the NASDAQ…
SMALL CAP PORTFOLIO Updated LTR at 11.00am – Bgt 1% back at 184c on the open. Having sold most of my holding at close to 300c, I am happy to buy around these levels and will add another 1% around 184c to take the total so far to a 2% weighting plus what I have…
Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield approached 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst.
Lynas (LYC) is down 1.8% today as it releases its Q1 activity report. The highlights include:
Quarterly revenue falling from $143m to $228m and Neodymium (NdPr) production falling from 1864 tonnes to 1526 tonnes.
ASX 200 managed to cling to 6900 falling 81 (-1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week. 10-year yields stable at 4.74%, with US rates breaching 5.00% briefly. Banks sold off, with CBA down 1.0% and NAB down 1.6%. Banks have…
