Members Podcast Thursday – Waiting for tonight’s CPI number
Our market up again – we are four days into this rally with the US CPI number to worry about tonight
Marcus Take – The Doves are still flapping
The Doves are still flapping – we are four days into this market rally
CBA update post AGM – No new news
CBA had its AGM yesterday – the share price dropped 0.31% (hardly changed), with one broker saying there was "No new news". A fairly quiet affair. Just a lot of motherhood comments about assisting the cost of living pressures, holding a strong balance sheet, and remaining well placed heading into a lower growth environment. There…
CSL AGM Update – Market didn’t like it
CSL fell 6.3% today continuing its nasty downtrend, as the GLP-1 (obesity drugs) juggernaut continues to smash through the healthcare sector. It has already destroyed ResMed (RMD) and yesterday their five year study into the GLP-1 efficacy in treating chronic kidney disease and Type 2 diabetes was halted early because the results were so good. It is…
End of Day Report Thursday
ASX 200 limped to a 3-point gain to 7091 (+0.04%) ahead of US CPI. Six sessions in a row. Just. CSL was the biggest drag on the index as positive drug trials in the US marred the outlook for medical companies. The stock fell 6.3%, RMD down 5.3% on the same effect. Banks once again…
End of Day Podcast Thursday
ASX 200 limped to a 3-point gain to 7091 (0.04%) ahead of US CPI. Six sessions in a row. Just. CSL was the biggest drag on the index as positive drug trials in US marred outlook for medical companies. The stock fell 6,3%, RMD down 5.3% on same effect.
Henry’s Take – More for Gina
SMALL CAP PORTFOLIO SUMMARY Selling into the rally. Some GEAR and some LRS. Lithium stocks bounce on short covering. Gina buys more.Huge shorts in PLS. Volumes rise as institutions get busy. Will it last? IGO – Starting to look interesting and brokers making some changes. Retirement tomorrow. Is money the answer? Only partly. RMD –…
Marcus Take – A Biblical Pivot or just a good day for bonds
Taking a few bets on this Dovish Pivot sticking. Even if it doesn’t stick, the downside is limited. A lots of daily buy signals around.
Weekly buy signals as well. Interest rate sensitive sectors on the rise. Risk on sentiment driven sectors bottoming. If you want to buy banks for a run into results, the timing looks as good as it is going to get. Hamas-Israel conflict being overlooked by the market. Oil price down.
Members Podcast
The Dovish Pivot has obscured the Hamas-Israeli conflict. The Fed messaging has changed. Is it real, or just a moment?
End of Day Report Wednesday
ASX 200 rose another 48 points to 7088 (+0.7%) up for a fifth consecutive session, bouncing back from 6,890 levels just last Wednesday. Almost all sectors finished higher. Consumer discretionary is the top performing sector today as RBA rate hike expectations tapered off, ALL up 1.1%, DMP up 2.9%, and TLC gained 1.3%. Iron ore got a…