Markets down in the US overnight as economic data fuels rate concerns amid political turmoil in Washington. Dow Jones down 1.29% closing near the low, S&P 500 down 1.37%, Nasdaq down 1.87%. ASX futures down 35 points (-0.5%). The S&P hit its lowest level since June 1 after US job openings for August unexpectedly rose and…
SUMMARY Sold down LRS yesterday at 29c. Nothing done in KAR (yet). Gina goes shopping again. The cunning plan continues. Given the state of the market, taking more medicine in the losers. Are we there yet? No.TARA bites. US politics in disarray. Funding that deficit gets harder. RBA done? One broker thinks so. Ausbiz The…
The blue-chip average is down around 470 points, or 1.4%, on Tuesday. The Dow last performed worse on March 22, when the index slid 530 points or 1.6%.
The S&P 500 slid 1.37%, touching its lowest level since June during the session and closing at 4,229.45. The tech-heavy Nasdaq dropped 1.87% to end at 13,059.47 as growth stocks saw some of the biggest losses.
STRATEGY SUMMARY Getting a mildly precipitous tingle. Advice on doing something clever. Advice on catching the knife. A Tale of Glory. MARCUS STRATEGY I know you don’t want to hear it because 90% of you are long the market and holding what you consider to be long term holdings (probably with capital gains), but in…
Welcome to our latest podcast with John Abernethy the Chairman on the Clime Investment Management Group
John is a seasoned Economist and long-time Value Investor with forty years of experience in Funds Management and the stock market. In this podcast John talks to Marcus about a host of subjects, including ‘Higher for Longer’, can we ever get back to a 10% risk free rate of return, AI, the Housing Market, Lithium, Consumer sectors, Resources, plus his World Cup prediction, Work from Home opinion and a few long term stock tips for good measure. Enjoy!
Stand Aside – The trend is set, the herd is in motion, no point getting in the way.
ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%. Insurers are once again under pressure despite rising bond yields, usually good for the sector. QBE down 1.0%,…
ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%.
The market down over 100 points as the Resources sector folds up, the Gold price falls, the Lithium stocks crater and the A$ drops 1% as the RBA beckons.
ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting. Low volume and only tentative signs of some bargain hunting appeared. Resources once again the problem as iron ore fell in Singapore. BHP down 1.2%, and FMG…
