Henry’s Take Wednesday – He’s Back!
Henry is back – not much has changed except the prices! And not for the better. Looking to take profits in LTR.
Henry is back – not much has changed except the prices! And not for the better. Looking to take profits in LTR.
One of these ideas will separate the Titans from the Mere Mortals.
Cashed up with nothing to do but wait for the bottom.
Waiting for the Bottom – might be a while
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number which came in as forecast at 5.2%. Banks were once again a pillar of strength with the Big Bank Basket up to $175.96. CBA up 0.5%,…
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number coming in as forecast at 5.2% and kicked in the matchout.
I was playing golf with a few retirees. Post their annihilation, as usual with this demographic, our bar chatter turned to the hot topic of franking credits, and how long they would last before the government adds superannuation to their list of assets to be bled for cash on top of housing. As the conversation…
A lot of oversold stocks – a Buy signal on Telstra – sell signals on US markets
Getting hard to make money as the market trends lower for longer in the face of bond yields doing the opposite. ASX 200 down 28 at Midday. Resources, Tech and REITs on the nose as bond yields rise.
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…